AAX Exchange Integrates Bitcoin’s Lightning Network

AAX, the first cryptocurrency exchange to implement the Satoshi (SATs) Standard has announced its integration with the Bitcoin Lightning Network, the most popular second-layer scalability solution for Bitcoin (BTC). 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.” #AAX’s integration with #Lightning Network underlines its ongoing commitment of bringing the most advanced #blockchain #technology to its users.https://t.co/X3xkV1V9gR — AAX (@AAXExchange) March 23, 2022 Earlier last year, AAX became the first crypto exchan...