Crypto exchange OKEx integrates Bitcoin's Lightning Network

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Crypto exchange OKEx has now integrated Bitcoin's Lightning Network after first announcing its plan to do so in February.

OKEx users can now use the Lightning Network, a Layer-2 scaling solution for bitcoin. The feature is currently live on OKEx's desktop website, with mobile to be followed.

With the Lightning Network, the average cost of bitcoin transactions will come down to "less than 0.01 cents," OKEx CEO Jay Hao told The Block in February. Whereas average transaction confirmation time will reduce to "1-3 seconds," Hao said at the time.source