On October 26, the professional crypto trading arm of Coinbase platform, Coinbase Pro announced that it has added new features in order to make the user experience secure and easier than before. The exchange shared this announcement via a blog post. Coinbase Pro has added Address Book and Crypto Address Whitelisting, the two new features that will facilitate its users with a new and safer way of trading.
Address Book offers users with an easier way of keeping track of their frequently used crypto addresses. Crypto Address Whitelisting, on the other hand, is designed to restrict crypto transfers to addresses in a user’s Address Book. The new Address Book allows users to store any number of addresses, making it safer and easier to send crypto to the addresses known and trusted by them.
Users of crypto trading platform Coinbase Pro no longer have to manually lookup, copy and paste an address every time that they wish to withdraw crypto. They can instead search an address by its first few characters or by its nickname and the Address Book will auto-complete the process.
This new Address Book feature also offers optional crypto Address Whitelisting. When a customer enables this feature, crypto transfers from the customer’s Coinbase Pro account will be restricted to addresses that are already listed in their Address Book. The Whitelisting feature also adds a 48-hour delay to adding new addresses to the user’s Address Book and disables the feature for additional security, as stated in the Coinbase’s Medium blog post.
Things seem to be moving at a fast pace for crypto trading platform, Coinbase with the New York State Department of Financial Services (DFS) giving a green signal to Coinbase Custody Trust Company LLC to operate as a limited purpose trust company, earlier this week. However, it has not been all hunky dory for the exchange. It had been trying hard to rule out allegations of insider trading pertaining to the listing of the 0x (ZRX) token, as reported on BCFocus.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]