WhiteBIT integrates the Lightning Network, supporting fast deposits and withdrawals of Bitcoin

Swiss cryptocurrency exchange WhiteBIT announced that it has integrated the Lightning Network, allowing users to deposit and withdraw Bitcoin through this network. This feature is technically supported by Bitcoin infrastructure provider Voltage, with a deposit fee rate of 0.25% and a withdrawal fee rate of 0.15%. Users can complete transactions using QR codes or payment information.

WhiteBIT founder and CEO Volodymyr Nosov stated that WhiteBIT's mission is to make blockchain technology more accessible and widely adopted, achieving this goal by providing practical and user-friendly digital asset solutions. The addition of Lightning Network support makes Bitcoin faster and more useful, facilitating users to deposit accounts, send and receive funds, and use Bitcoin in more real-world scenarios.

WhiteBIT is headquartered in Zug, Switzerland, and according to CoinGecko data, its trading volume ranks 17th among global exchanges. The exchange stated that this launch supports faster Bitcoin channels, with application scenarios covering remittances, exchange fund transfers, merchant QR code payments, and interoperability with wallets and applications that support the Lightning Network. The Lightning Network was launched in 2018, and this year its trading volume has significantly increased, mainly due to exchanges utilizing the network to transfer funds at low cost and high efficiency.