Self-custody is driving new crypto cycle of adoption
Ledger is concentrating on the Indian market to promote self-custody in cryptocurrencies through secure hardware wallets. Following over $3 billion in crypto hacks and scams in 2024, awareness of self-custody has grown, with many investors opting for hardware wallets instead of centralized exchanges. A significant hack of the WazirX crypto exchange in July 2024 caused $235 million in losses, underlining the need for digital security education in India. Jean-Francois Rochet from Ledger emphasized the importance of user-friendly devices alongside robust security. They aim to leverage India's strong developer base to enhance the global digital asset landscape. Ledger’s Nano series remains a top seller, while high-end devices like Ledger Flex and Ledger Stax are catering to the growing demand for self-sovereignty. The company has also introduced a clear-signing initiative to simplify smart contract verification for everyday users. On the corporate front, Ledger Enterprise provides secure governance for large digital asset holdings. Rochet reaffirmed Ledger's commitment to security, which has been its guiding principle since inception.
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