Catenaa, Sunday, May 11, 2025-Coinbase said 15% of its bitcoin transaction volume now flows through the Lightning Network, marking a key milestone in the platform’s effort to enhance efficiency and utility in crypto payments.
The integration of the Lightning Network in April 2024 has allowed Coinbase users to send and receive bitcoin more quickly and cheaply.
The Product Director Michael Rihani said in a statement the adoption rate highlighted the network’s real-world impact.
Lightspark, a firm co-founded by David Marcus, has focused on expanding the Lightning Network’s infrastructure. It offers development tools to ease integration for platforms like Coinbase.
The Lightning Network is a Layer 2 solution that facilitates faster transactions by processing them off-chain, settling them later on the Bitcoin blockchain.
Coinbase also plans to launch a new income-generating product for crypto holders. Starting May 1, the company will introduce the “Coinbase Bitcoin Yield Fund,” targeting annual returns of 4% to 8% on BTC holdings. The initiative reflects growing demand for passive income products tied to digital assets.
According to The Block’s data, bitcoin drew $31 billion in trading volume in the past 24 hours.
Coinbase recorded $102.08 billion in March spot volume, giving it the second-largest market share among USD-supporting crypto exchanges.
With institutional and retail adoption deepening, Coinbase’s push into payment innovation and yield-based services signals a continued evolution in crypto finance.
