Trezor, a major hardware wallet provider, has experienced a significant increase in wallet sales following the FTX crisis, according to company brand ambassador Josef Tetek on Nov. 15.
Trezor has seen a 300% weekly increase in sales revenue and continues to grow, Tetek reports, adding that current sales are higher than last year when Bitcoin hit an all-time high of $68,000. That’s a huge increase of up to 350%.
According to Tetek, Trezor is fairly certain that the increase in new wallet users is a result of issues with FTX, the crypto exchange at the center of the industry’s latest scandal involving cryptocurrency exchanges. embezzle user money And it caused a spike in demand for Trezor wallets earlier this week. directly to the range “Rumors of FTX’s bankruptcy began to spread,” Tetek reported.
Trezor expects new users to continue to grow in the near future. Because the failure of various intermediaries will continue.
“We expect this trend to continue in the short to medium term. Due to the spread of FTX failures still exist and Bitcoin or cryptocurrency holders. will lose trust in others and will eventually begin to explore alternatives to custody of digital assets themselves.”
“Even though sales continue to be high. But we are confident that the impact on our stock will be limited. As we have already planned for an increase in sales,” Tetek said. He also noted that Trezor does not plan to increase the hardware wallet price as it envisions to make the “Everyone has access to self-custody of digital assets.”
Trezor’s main competitor, Ledger, has also seen a sharp increase in demand for its devices recently.
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