Crypto exchange heavyweight Coinbase has reportedly released a new update to the platform, which aims to cut down costs required for finalizing clients’ transactions. 

Specifically, Coinbase would be making Bitcoin (BTC) transaction batching widely available to its clients instantly. 

The initiative conducted by Coinbase, which does not need the clients to do anything, will reportedly enable bundling feature of single on-chain transactions of digital coins. 

This new development is expected to be a solution for bringing down the load on the BTC network, ultimately assisting the clients in paying with a reduced fee for each money transaction. 

Eli Haims – Head of Product at Coinbase – has shared his remarks regarding the move, claiming this is a user-focused initiative that would help clients significantly save money. With up to 50% of the load lowered on the network, it will consequently reduce the transaction cost by that percentage. 

“Supporting transaction batching is one way that Coinbase can help make Bitcoin more usable by lowering network fees overall and freeing up space on the blockchain. This enables the network to increase transaction throughput, and helps to increase scalability.”

Coinbase has been investing resources in designing this upgrade for a while. In June last year, Coinbase CEO Brian Armstrong took to Twitter to share how “embarrassing” he felt, that transaction batching is still not officially rolled out.