India’s Leading Bitcoin and Crypto Exchange Unocoin Integrates Lightning Network
Unocoin enhances its transaction capabilities in India, setting a new standard for cryptocurrency utility.
By Vivek Sen, Bitcoin Magazine
April 10, 2025
Unocoin, one of India’s pioneering bitcoin and cryptocurrency exchanges, has announced a significant upgrade in its services through the integration of the Lightning Network. This second-layer protocol facilitates rapid and cost-effective bitcoin transactions, marking a notable advancement in the realm of cryptocurrency in India.
The Lightning Network integration is powered by Voltage, a U.S.-based infrastructure provider renowned for its enterprise-grade Lightning solutions. This collaboration aims to provide Unocoin users with instant bitcoin settlements, which is expected to drastically reduce transaction times and costs. Furthermore, the exchange plans to extend similar capabilities for Tether (USDT) transfers in the foreseeable future.
Enhancing User Experience
Sathvik Vishwanath, the CEO of Unocoin, expressed enthusiasm about the integration, stating, “We continuously seek ways to improve transaction efficiency and cost-effectiveness for our users. With the Lightning Network, powered by Voltage, Unocoin is enabling the fastest, lowest-cost bitcoin and Tether transfers.” This enhancement positions Unocoin favorably amidst rising user demands for efficient and economical transaction methods.
Navigating Regulatory Challenges
Unocoin’s strategic move to adopt Lightning technology comes during a challenging period for the Indian cryptocurrency market, characterized by regulatory headwinds. Several exchanges have opted to scale down operations or exit the market altogether. Despite these challenges, Unocoin has demonstrated resilience, retaining user trust and solidifying its operational capabilities.
The integration of the Lightning Network reinforces Unocoin’s status as a leader in innovation within India’s crypto sector. This advancement not only enhances its service offerings but also plays a crucial role in promoting the broader adoption of bitcoin in daily transactions throughout the country.
A Statement on Bitcoin Scalability
Graham Krizek, CEO and Founder of Voltage, highlighted the transformative potential of the Lightning Network. He stated, “The Lightning Network represents a revolutionary leap in bitcoin scalability, enabling fast, secure, and cost-effective transactions. By partnering with Unocoin, we aim to bring these benefits to millions of users in India, fostering greater adoption and utility of bitcoin in daily transactions.”
Unocoin’s integration of the Lightning Network signals a pivotal moment for cryptocurrency transactions in India, setting a new benchmark for exchanges in the region and showcasing the potential for rapid technological advancement in the financial sector.
As the cryptocurrency landscape continues to evolve, Unocoin’s commitment to innovation and customer satisfaction will likely play a critical role in shaping the future of bitcoin transactions in India.
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