Cardano’s Lace wallet, dubbed a “powerhouse’ by Charles Hoskinson, has added Bitcoin support, part of Lace’s enhanced cross-chain support, bridging the Cardano network to Bitcoin.

With Lace, users will be able to trade and transfer Bitcoin onto Cardano’s Lace wallet alongside the blockchain’s native ADA token.

The move comes as Cardano’s Midnight privacy network is due to launch, enhancing the usability of the Cardano network and growing its ecosystem. 

Lace wallet goes cross-chain with Bitcoin integration amid Midnight L2 developments

Lace wallet is a Cardano-based web3 wallet from InputOutput, allowing users to explore and manage decentralized assets, creating an all-in-one platform for web3 on Cardano.

Bitcoin support for Lace is part of Cardano and Charles Hoskinson’s greater effort to merge the Cardano ecosystem with Bitcoin and BTC layer 2 networks, such as the Bitcoin Lightning Network and 3rd party Bitcoin platforms such as BitcoinOS.

Hoskinson has in the past spoken on using Cardano to help scale Bitcoin. Part of this effort could include Lace Wallet’s Bitcoin network bridge token integration, allowing users to store and trade BTC with a non-custodial wallet.

Hoskinson and Lace Wallet’s General Manager have designed Lace to become an all-encompassing web3 wallet, similar to Metamask on Ethereum. 

Alongside Bitcoin support, the wallet has decentralized application support for NFTs, dApps, cross-chain services, and DeFi. 

Brandon Wolf, General Manager at Lace:

“The future of blockchain is multichain, and with Lace, we’re making sure users have everything they need in one powerful, easy-to-use wallet. Building on the foundations we have established with Cardano, we identified Bitcoin as the logical next step. And we’re just getting started.”

Cardano Ecosysem Expansions in 2025

The Cardano ecosystem is expanding. Midnight is due to launch in 2025 and bring a new privacy layer to Cardano, allowing investors to make private trades.

As part of Midnight’s launch, millions of cryptocurrency traders will be eligible for the NIGHT token drop, which Hoskinson says will create around 37 million new wallets on Cardano.

The Cardano network may also utilize Midnight’s privacy features to attract institutional users on the lookout for a permissioned network with strong security to conduct financial payments. 

Similar to Midnight is Hashgraph’s HashSphere network, designed with institutional investors in mind, almost exclusively to capture the growing stablecoin market in 2025 alongside Algorand’s Fiat Chain. 

Cardano’s ecosystem expansions and ISO 20022 compliance movements have kept the token popular among crypto market participants. With the US planning to include ADA in an upcoming Crypto Reserve, Cardano has solidified itself as a crypto blue-chip token.