The need for consumer protection has recently increased, given the high occurrence of scams and hack incidents in the crypto space. As a result, even global regulators, governments of different countries, and crypto firms have been seeking ways to keep bad players from exploiting customers.
In line with this, wallet providers have started tightening their security with enhanced features to fob off scam attempts.
Coinbase, a US-based crypto exchange, is the latest crypto exchange to integrate safety features to protect its users from phishing thefts and scams. The popular exchange added new features to its crypto wallets app, such as transaction previews and block lists to repel scammers.