Coinbase supports users to send Bitcoin via Taproot addresses

ChainCatcher message, Coinbase announced that platform users can now send Bitcoin to Taproot addresses, providing users with more on-chain destination options and further expanding the flexibility and privacy of Bitcoin transactions.

Taproot addresses are a new type of address format introduced to the Bitcoin network after the Taproot upgrade in 2021, aimed at enhancing the privacy, efficiency, and scalability of transactions.