24/7 Cryptocurrency News

Crypto Exchange Binance Completes the Integration of Bitcoin Lightning Network

With the latest development, BTC deposits and withdrawals are now available on the Bitcoin Lightning Network starting today.
Published by
Crypto Exchange Binance Completes the Integration of Bitcoin Lightning Network

In the latest announcement on Monday, July 17, crypto exchange Binance announced that it has completed the much-awaited integration of the Bitcoin Lightning Network.

As a result, Binance users will now be able to leverage the Layer-2 scaling solution for Bitcoin withdrawals and deposits. The crypto exchange noted: “Binance has completed the integration of Bitcoin (BTC) on the Lightning Network. Deposits and withdrawals for Bitcoin (BTC) are now open on the Lightning Network”.

Binance’s Push to Use the Lightning Network

Binance has been working over the past two months on integrating the Bitcoin Lightning Network at its end. Back in early May 2023, crypto exchange Binance had to pause withdrawals due to the massive surge in the gas fees driven by the Bitcoin Ordinals inscriptions.

Later last month in June, Binance CEO Changpeng Zhao confirmed that they have been working on integrating Bitcoin Lightning. Binance is using the Lightning Network to make Bitcoin transactions faster and more scalable. This technology allows for smoother user experiences by reducing transaction costs and speeding up settlement times.

It also improves the overall efficiency and convenience of using Bitcoin. With the Lightning Network’s off-chain capabilities, Bitcoin’s scalability is enhanced, addressing issues like network congestion and transaction delays.

With Binance integrating the Layer-2 scalability Bitcoin Lightning Network at its end, there’s a probability that other exchanges might as well follow it in the future.

Big Players Working on Bitcoin Lightning Network

Big players in the crypto market industry have pledged their support to the Bitcoin Lightning Network development and future growth. Earlier this year, Jack Dorsey’s digital payments company Block Inc. announced that it shall be using its own Bitcoin reserves to provide liquidity to the Bitcoin Lightning network.

Block Inc’s Bitcoin-focused unit TDB has planned to launch its own Lightning Service Provider c= in order to reduce the failed transactions on the Lightning Network due to the lack of liquidity.

MicroStrategy, the world’s largest corporate holder of Bitcoins, is also bullish on the Bitcoin Lightning solution. MicroStrategy CEO Michael Saylor has already integrated Bitcoin Lightning into his email address.

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC

This week, corporate Bitcoin treasuries exceeded 1 million BTC in total holdings. From September 1…

September 7, 2025
  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025