I asked the same question a few months ago. Its because it allows them to do a fraud check on your payment. To make sure you aren't using a stolen credit card for example.
I don't know the exact reason behind giving up your address, but I can assure you that this will not be used for advertisements or other unwanted surprises. ;)
Minor server update: CubeCraft replaced the emote stand with how to play in all game lobbies. Very nice QoL change for Bedrock. It's also added to the hotbar when you join the game, so now new players can walk up to it or use it while waiting for game to start to learn the game
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