LBank Pay adds BTC, ETH and 20+ crypto assets, launches $20k USDT draw

LBank Pay expanded its payment roster on June 11, 2026 to include direct transactions in more than 20 crypto assets, notably Bitcoin (BTC) and Ethereum (ETH), eliminating the need to first convert holdings into USDT [1].

The upgrade rolls out three core improvements. First, users can pay merchants with any of the newly supported tokens—spanning blue‑chip coins, high‑throughput layer‑1 and layer‑2 ecosystems, meme tokens and tokenized real‑world assets—without incurring conversion friction. The initial batch lists BTC, ETH, SOL, BNB, TON, SUI, XRP, ADA, AVAX, TRX, HYPE, DOGE, PEPE, PI, TAO, NEAR, XAUT, PAXG and ONDO, covering key market sectors [1]. Second, the platform promises millisecond‑level settlement powered by LBank’s liquidity engine and risk‑control network, a claim the exchange highlights as a differentiator for everyday crypto payments [1]. Third, the user experience is simplified: a fresh app update lets customers scan a merchant QR code, tap “Available Assets,” and select their preferred token to complete the transaction [1].

To drive adoption, LBank launched a “Lucky Draw” campaign from June 11 to June 21, 2026 (UTC+8) with a prize pool of 20,000 USDT. All KYC‑verified users who meet task criteria—depositing funds, making LBank Pay payments, holding supported tokens, or referring friends—receive entries for cash, futures bonuses, position vouchers, cashback coupons and jackpot prizes [1]. Eric He, LBank’s Community Angel Officer and Risk Control Adviser, framed the rollout as a usability push, arguing that smoother payment flows are essential for broader crypto adoption and that LBank Pay aims to become a seamless everyday payment medium [1].

The expansion signals LBank’s intent to deepen its ecosystem beyond trading, leveraging its existing 20 million‑user base and $10.5 billion daily volume to capture a larger share of the nascent crypto‑payment market. By integrating a wide array of assets, the exchange reduces barriers for merchants and consumers alike, potentially accelerating real‑world use cases. However, the success of the initiative will hinge on merchant uptake and whether the promised millisecond settlements translate into tangible user benefits in a competitive landscape. The upcoming weeks will reveal if LBank Pay can turn its broadened asset support into sustained payment volume.