Coinbase Competitor Revolut Adopts Lightning Network for Bitcoin Transactions in UK and EEA

Revolut, a leading UK-based digital banking platform, has taken a significant step forward in cryptocurrency adoption by integrating Bitcoin’s Lightning Network through a partnership with Lightspark. This development enables faster and cheaper Bitcoin transactions for users in the UK and select European Economic Area (EEA) countries, marking a notable advancement in fintech’s embrace of blockchain technology for efficient cross-border payments. The integration positions Revolut as a strong competitor to platforms like Coinbase in the crypto payment space, offering clients enhanced transaction capabilities with reduced fees and processing times.

Revolut Integrates Lightning Network for Faster Bitcoin Transactions in UK and EEA

Revolut, the UK-based digital banking platform, has partnered with Lightspark to implement Bitcoin’s Lightning Network, significantly reducing transaction fees and processing times for users in the UK and select European Economic Area countries. This strategic MOVE positions Revolut among fintech leaders leveraging blockchain for efficient cross-border payments.

The integration grants Revolut clients access to MoneyGrid, a network connecting over 300 million users across 140 nations. Lightning Network adoption continues to gain momentum, now clearing 15% of Coinbase’s Bitcoin transactions since its 2024 rollout—a benchmark Revolut aims to surpass.

Coinbase Acquires Deribit in $2.9B Deal, Expanding Derivatives Dominance

Coinbase’s strategic acquisition of Panama-based Deribit for $2.9 billion marks a watershed moment for crypto derivatives. The deal, structured as $700 million cash plus 11 million COIN shares, positions the exchange as a full-spectrum derivatives provider just as institutional demand surges.

Deribit’s market-leading options platform completes Coinbase’s product suite, which now spans spot, futures, perpetuals and options trading. Industry analysts anticipate further consolidation in derivatives markets as regulatory clarity attracts institutional capital.

The transaction underscores crypto’s maturation into a multi-product financial ecosystem. Where retail traders once dominated spot markets, sophisticated derivatives instruments now drive the sector’s next growth phase.