Kraken Now Supports Bitcoins Lightning Network

Kraken, one of the most popular cryptocurrency exchanges, now supports Bitcoin&39s Lightning Network for low-cost and quick BTC withdrawals and deposits.

According to Pierre Rochard, Bitcoin Product Manager at Kraken, adoption will primarily come from consumers who have fiat in their bank accounts and want to convert it to Bitcoin.

He went on to suggest that Kraken appears to be an ideal venue for them to do so, after which they may top up their mobile Lightning wallet and utilize it as a medium of exchange. That is certainly the next phase in the evolution of Bitcoin, he concluded.

Kraken became a member of the Lightning Network and established its own Lightning node. As such, every client may now use the new integration which permits withdrawals and deposits of maximum 0.1 BTC, or 10 million satoshis, per transaction.