A $1 million Lightning transfer between SDM and Kraken was used to test whether Bitcoin’s main scaling layer could handle seven‑figure, institutional‑grade paymentsA $1 million Lightning transfer between SDM and Kraken was used to test whether Bitcoin’s main scaling layer could handle seven‑figure, institutional‑grade payments

Record $1M Lightning transaction trials Bitcoin’s payment rail for institutions

1 min read

A $1 million Lightning transfer between SDM and Kraken was used to test whether Bitcoin’s main scaling layer could handle seven‑figure, institutional‑grade payments.

Institutional trading and lending desk Secure Digital Markets (SDM) said it sent a $1 million payment to cryptocurrency exchange Kraken over the Lightning Network on Jan. 28.

Record $1M Lightning transaction trials Bitcoin’s payment rail for institutions

SDM claimed in a Thursday statement shared with Cointelegraph that it is the largest publicly reported Lightning transaction to date and a proof‑of‑concept for seven‑figure transfers between regulated counterparties.

The payment cleared in 0.43 seconds and was routed via Voltage’s managed Lightning infrastructure, which provides node management, pre‑provisioned liquidity, and uptime guarantees aimed at exchanges and trading desks. 

Read more

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.