Daniel Walker
Coinbase, a leading global cryptocurrency exchange, revealed that 15% of all Bitcoin transactions on its platform are now processed via the Lightning Network, showcasing significant traction for the layer-2 scaling solution.
The integration, which went live in April 2024, was aimed at making Bitcoin payments faster, cheaper, and more efficient for everyday users.
“This milestone highlights Bitcoin’s growing role in global payments,” said Michael Rihani, Product Director at Coinbase. “Achieving 15% Lightning adoption in under a year shows its real-world value.”
Lightspark Partnership Fuels Scalable Bitcoin Infrastructure
Coinbase credits part of this growth to its collaboration with Lightspark, a company dedicated to building tools and infrastructure around the Lightning Network. Lightspark provides SDKs and developer resources to help platforms integrate seamlessly with Lightning, making Bitcoin more accessible and functional for everyday financial use cases.
Coinbase Expands Bitcoin Strategy with Yield-Generating Fund
Coinbase is also preparing to boost BTC utility further with the launch of its Coinbase Bitcoin Yield Fund on May 1. This new institutional product will offer annual returns ranging from 4% to 8%, enabling long-term holders to earn yield on their Bitcoin holdings without giving up control of their assets.
In addition to its Lightning and yield initiatives, Coinbase remains a powerhouse in crypto trading. In March, the exchange posted $102.08 billion in spot market volume, securing its position as the second-largest USD-supported exchange by volume.
Meanwhile, Bitcoin itself continues to dominate the market, pulling in over $31 billion in trading volume in just 24 hours, according to PRIME.
