Coinbase Enables Bitcoin Transactions to Taproot Addresses

Coinbase has announced that its users can now send Bitcoin to Taproot addresses, providing more on-chain destination options while enhancing transaction flexibility and privacy. Taproot addresses, introduced in 2021, aim to improve privacy, efficiency, and scalability on the Bitcoin network.

Great news! Enhancing transaction flexibility and privacy with Taproot addresses on Coinbase is a step forward for Bitcoin users. Exciting development! 🚀