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Bull Bitcoin Becomes First Exchange to Add Payjoin Privacy Deposits, Withdrawals, and Payjoin-by-Default Trading
Bull Bitcoin is the first Bitcoin exchange to offer Payjoin privacy as a deposit and withdrawal option.
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Bull Bitcoin says it is the first exchange of its kind to accept Payjoin for incoming and outgoing transfers, per a press release given to Bitcoin Magazine. The update also brings Payjoin-by-default to BULL Wallet purchases and sales, plus a Payjoin trading feature. Payjoin is an onchain privacy protocol that adds an off-chain coordination step, so amounts sent and returned are harder to link to a user's intent. Founded in Canada in 2013, the company runs a non-custodial platform serving customers in Canada, Europe and Latin America. According to the release, automatic coin merging can shrink the UTXO set and ease fee pressure. Users only need to download BULL Wallet, open an exchange account and log into the mobile app.
Why it matters: It brings onchain privacy tools into exchange deposits, withdrawals and trades, which the article says limits what outside analysts can infer from transaction amounts.
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