AAX Exchange Integrates Bitcoin's Lightning Network
Enhancing Faster Bitcoin Experience
By integrating with the Lightning Network, AAX users will be able to deposit, purchase, and withdraw coins with minimal costs close-to-zero waiting time. In addition, the increased speed in transactions will allow traders to seize the opportunity to make arbitrage trades, which is only possible when transactions are processed nearly instantaneously.
Commenting on the development, Ben Caselin, head of research and strategy at AAX, said:
“Our move to switch to a Satoshi Standard and to launch a dedicated SATS/USDT spot market that enables everyone to purchase and save in Bitcoin, at no cost, really only starts to make sense if it is coupled with an integration with Lightning Network. Our integration with this open network makes it possible for users to not only trade, but also deposit and withdraw Bitcoin at virtually no cost. It’s an effective and important way for crypto exchanges to promote the adoption of Bitcoin worldwide.”
Earlier last year, AAX became the first crypto exchange to switch to the Satoshi Standard (SATs) while boosting support for Bitcoin adoption. With the latest integration of the Lightning Network, AAX will further expand SATs’ capabilities and make it even easier for new cryptocurrency users to buy or sell smaller amounts of BTC.