Hardware crypto wallet sales increase as centralized exchanges scramble
— Times, Rushing, Case due, Hardware wallet providers, One reads, Allowing consumers, Bankruptcy, Financial self, Trezor devices, Complicated — 1 min read
Hardware wallet providers seem to be benefiting from the massive amount of crypto withdrawals from centralized exchanges. Ledger CEO Pascal Gauthier said that the company’s revenue dropped about 90% during the 2018 crypto winter, but this hasn’t been the case this year. Trezor analyst Josef Tětek said that clients of exchanges and custodians should consider withdrawing their coins into their own wallets, at least for the time being. While hardware wallets are not foolproof, it's important to mention that holding funds in a hardware wallet does not mean they are 100% safe. According to research firm Mordor Intelligence, the global hardware wallet market was valued at $202.40 million in 2020. This market is expected to be valued at Source