Binance tweeted that it is integrating the Bitcoin Lightning Network for users’ deposit and withdrawal operations. There is still more technical work to be done, and updates will be made once the Lightning Network is fully integrated.
According to previous reports, CZ stated in an AMA on May 31 that the Lightning Network cannot pre-generate addresses. Binance would have to do something very different security-wise if it were to implement Lightning Network, but it's not as simple as installing and using a wallet, there are many security factors to consider behind the scenes. However, the team is very familiar with the Lightning Network, so they are working on various solutions.
CZ said that Binance may first enable small-scale Lightning Network transactions. He doesn't know the exact date, but the team has conducted detailed research. “Ultimately, I think every exchange must support Lightning Network. The sooner we do it, the better. Users will be able to enjoy its benefits, such as cost savings and faster transactions. This will be a beneficial innovation for the future, especially It will be beneficial for Binance Pay and other wallet services."
