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WhiteBIT Integrates Lightning Network for Fast and Cheap Bitcoin Transactions

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WhiteBIT added Bitcoin Lightning Network support for deposits and withdrawals. The exchange set separate fees for Lightning deposits and withdrawals and included QR code and payment-detail support.

Key claims & sources

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WhiteBIT said on Thursday that it integrated the Lightning Network to help users move funds more quickly and efficiently.
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WhiteBIT added the Lightning Network for Bitcoin deposits and withdrawals.
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The Zug-based exchange charges 0.25% for Lightning deposits and 0.15% for withdrawals.

What it means

Users who deposit or withdraw Bitcoin through WhiteBIT now see Lightning support in the exchange’s flow, including QR codes and payment details. That changes the rail available for those transfers on the platform today. Users and the exchange’s customers are the people who would notice this first in day-to-day use.

Before this integration, Lightning was not part of WhiteBIT’s Bitcoin deposit and withdrawal setup. What remains the same is that the exchange is still handling Bitcoin transfers, only with an added network option and stated fees for that path. The practical change is in the transfer method and the fee schedule attached to it.

Market reaction i

BitcoinBTC it is the asset of the company or protocol in the event
first headline
+1.2% 2 h before
+0.4% 4 h after
$81,436price at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 8 19:10