Coinbase claims that the Lightning Network accounts for 15% of its BTC transaction volume
ChainCatcher news, according to The Block, cryptocurrency exchange Coinbase stated that 15% of its Bitcoin trading volume is conducted via the Lightning Network.Previously, in April 2024, Coinbase integrated the Lightning Network to provide customers with a more efficient and convenient Bitcoin trading service.Coinbase's Product Director Michael Rihani noted in a statement: "Integrating the Lightning Network is a key step in supporting the Bitcoin ecosystem and advancing payment upgrades. In less than a year, 15% of transactions use this network, validating its practicality. With the support of Lightspark, Bitcoin is becoming a powerful tool for global payments." Lightspark focuses on expanding global payment infrastructure through the Lightning Network and has developed tools such as SDKs to help developers connect to the network.In addition, Coinbase is not only simplifying transactions but also seeking to enhance consumer Bitcoin holding yields, announcing the launch of the "Coinbase Bitcoin Yield Fund" on May 1, targeting an annual return rate of 4% to 8%.