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70 sats \ 1 reply \ @cointastical 10 Apr 2022 \ on: Exchanges on the Lightning Network bitcoin
Are you also referring to custodial wallet and swap services that do fall under the category of "fiat exchanges"?
e.g., BlueWallet's LN wallets are by default custodial LNDhub. Then there's "wallet + swap" services: Wallet of Satoshi, CoinOS.io, and more! Then there's Paxful, a P2P exchange that is custodial and has deposit and withdraw via LN. And then there's BitPay, which just added LN support, and BitGo, which announced upcoming LN support.
I expect these, in the aggregate, to gain as a percent of LN public capacity, and share of LN activity.
Yeah wallet + swap services should probably be included in all the exchange related questions too. If we bundle all of these exchange/wallet/LSP services together, they might be pretty close to 50% of all public LN capacity today.
Could they get to 90% over time? Or will Lightning apps start to eat into their market share over time? What other companies or categories of companies (Bitcoin or not) could add meaningful capacity to the Lightning Network over time?
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