Kraken to add Lightning Network support

Kraken, a popular bitcoin exchange, announced that it would support the second-layer protocol Lightning Network in 2021.

⚡ Kraken is building a Lightning engineering team! ⚡️

Join Kraken’s Lightning team & help shape the future of programmable payments with sound money.

Do you have experience with open-source Lightning protocol development? We want to hear from you!https://t.co/dzzQVfbhNb

— Kraken Exchange (@krakenfx) December 16, 2020

In the statement, the exchange said it would invest in a new engineering team to tackle questions around integrating the protocol.

Kraken expects deposits and withdrawals via the Lightning Network to be available to customers in the first half of 2021.

Lightning Network: fast and cheap Bitcoin transactions

In November, Kraken allocated $150,000 to the first recipient of a grant from the non-profit Brink, created to support Bitcoin developers.

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