The new product is described as enabling self-custodial trading over the Lightning Network (Bitcoin’s fast payment layer), extending crypto trading use cases beyond payments.
Amboss has launched RailsX, a product for self-custodial Bitcoin and stablecoin trading on the Lightning Network (Bitcoin’s fast payment layer). The announcement indicates a focus on allowing users to trade while retaining control of their own assets, a structure commonly referred to as self-custody (holding assets without a third-party custodian). The launch also points to broader experimentation with using Lightning not only for rapid Bitcoin payments but for additional crypto financial activity.