FTX collapse led to record sales of hardware wallets

Ledger and Trezor hardware manufacturers recorded a significant increase in devices sales against FTX problems. Decrypt writes about this.

The potential bankruptcy of one of the leading Bitcoin-Birzh affected the trust of investors to centralized intermediaries.

“Last week, Ledger had the highest sales indicator in history. […] Users realized that we should return to decentralization and independent storage. “Not your keys are not your coins”. The saying is as old as cryptocurrencies, but it has never been so relevant, ”said CEO Ledger Pascal Gauthier.

A similar opinion is held in Trezor. According to Bitcoin analytics by Joseph Tetek, from November 7, exponential sales growth was observed.

The events around FTX have also led to the reorientation of many users to decentralized exchanges.

According to Dune Analytics, according to the results of last week, the volume of bidding in the segment amounted to $ 27 billion – 62% higher than the previous reporting period.

The jump occurred on November 8 amid a preliminary agreement on the purchase of FTX competitor Binance. On November 10, the indicator overcame $ 8 billion – more than four times higher than the average monthly value.

From November 7 to 8, Uniswap has three times the metric – from $ 1.4 billion to $ 4.2 billion, and in the next two days amounted to $ 5.2 and $ 4.8 billion, respectively.

According to Glassnode, in November, the pace of the monthly outflow of bitcoins from the balance sheets of exchanges to cold wallets reached 106,000 BTC.

Recall that the ex-head of Microstrategy Michael Sailor and CEO Binance Chanpen Zhao called for independent storage of crypto assets.

The latter compared the current situation in the industry with the financial crisis of 2008. According to Zhao, in the coming weeks, https://gagarin.news/ even more companies may crash.

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