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Cryptocurrency startup Coinbase launches Ethereum and Litecoin vaults

Leading digital currency company Coinbase has announced the launch of Ethereum and Litecoin vaults for all customers.


The startup launched bitcoin vaults a little over 3 years ago. Coinbase said that the main objective was to “eliminate the false idea that Bitcoin owners had to choose between security or convenience when it came to storage.”

“We’re now bringing this product to Ethereum and Litecoin, continuing our mission to make Coinbase the easiest, most secure place to buy, sell, and hold digital currency,” it added.

With vaults for Bitcoin, Ethereum, and Litecoin, Coinbase customers will get additional layers of withdrawal security for stored digital currency, such as a 48-hour withdrawal delay and required email approvals.

Last month, Coinbase raised $100 million in Series D funding led by IVP, and participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32, and Draper Associates.

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