How does the Coinbase Vault function for securing cryptocurrency?

The Coinbase Vault serves as a security feature for users looking to safeguard their cryptocurrency with enhanced measures. It integrates additional layers of protection beyond the standard wallet, requiring multiple approvals before any funds can be moved out of the vault. This includes mandatory email confirmations and a 48-hour withdrawal delay, providing a buffer against unauthorized access and giving users time to cancel fraudulent transactions. Furthermore, users have the option to set up multiple approvers for their vault, ensuring that no single person can transfer the currency without consensus. By using separate offline storage and strict procedures for accessing coins, the Coinbase Vault effectively reduces the risk of hacking and accidental losses for its users' digital assets.