Crypto Exchange OKEx Adds Lightning Network Support for Cheaper and Faster BTC Deposits & Withdrawals


Cryptocurrency exchange OKEx has added Lightning Network deposits and withdrawal support. The integration was first announced in February.

With this integration, OKEx will bring scalability, instant payments, and low cost to its users. As of now, it is live on the exchange’s desktop website, with mobile support to follow soon. OKEx tweeted,

“If you thought layer one of BTC was something else, wait until you use layer two for the first time.”

Launched in 2018, Lightning Network is a second layer on top of the Bitcoin network that facilitates faster and cheaper transactions.

On OKEx, this support is expected to bring down the average cost of Bitcoin transactions to under 0.01 cents and the average confirmation time to be reduced to mere 1-3 seconds.

Over the past year, a number of crypto exchanges have adopted Lightning Network in a bid to lower the deposit and withdrawal fees for their clients. Before OKEx, Bitfinex, Bitstamp, OKCoin, and River Financial announced the integration, while Gemini and Coinbase have yet to provide support.

Kraken is also expected to follow suit this year.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide