Beginning The Shift to Self-Custodial Solutions

In the wake of the FTX crisis, investors are increasingly shifting to self-custodial solutions such as hardware crypto wallets. Hardware wallet provider Trezor reported a 300% surge in sales revenue, and even major exchanges such as Binance have acknowledged that the need for centralized exchanges may fade.

Investors increasingly moving to hardware crypto wallets in wake of FTX crisis.

Hardware wallet provider Trezor reported a 300% surge in sales revenue.

Binance CEO “CZ” acknowledges investors may shift to self-custodial solutions.

In the wake of the FTX crisis, concerns over centralized cryptocurrency have caused investors to increasingly move to hardware crypto wallets. This move towards self-custody with software and hardware wallets spiked last week following the rumors of FTX insolvency and as exchange outflows reached all-time highs. On 14 November, even Binance CEO Changpeng “CZ” Zhao …

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