Coinbase says Lightning Network contributes to 15% of its Bitcoin transactions

PANews reported on April 29 that according to The Block, cryptocurrency exchange Coinbase said that 15% of its Bitcoin transaction volume was achieved through the Lightning Network. Previously in April 2024, Coinbase integrated the Lightning Network to provide customers with more efficient and convenient Bitcoin trading services. Michael Rihani, product director of Coinbase, pointed out in a statement: "Integration of the Lightning Network is a key step in supporting the Bitcoin ecosystem and promoting payment upgrades. In less than a year, 15% of transactions used the network, verifying its usefulness. 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 SDK to help developers access the network. In addition, Coinbase not only simplifies transactions, but also seeks to increase consumer Bitcoin holding returns, announcing that it will launch the "Coinbase Bitcoin Income Fund" on May 1 with a target annual return of 4% to 8%.