Coinbase users can now send BTC to Taproot addresses
Source Cryptopolitan
Crypto exchange Coinbase has announced it will now make Bitcoin (BTC) transactions easier and seamless for users on its platform.
Announcing the development on X platform, Coinbase said that users can now send their BTC to Taproot addresses, enhancing their ease of transacting.
According to the crypto exchange, the move will create access to more on-chain destinations, which will also align with its ongoing efforts to enhance Bitcoin’s efficiency and scalability.
This latest development enables users to transfer BTC to Taproot addresses straight from Coinbase. Taproot went live in November 2021 and is a major network for Bitcoin. It is widely accepted as one of the most critical advancements in the crypto’s history.
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