If there is anything good after what has happened recently is that it seems like people are slowly realizing that centralized exchanges and other platforms are not the place to keep your crypto, hence the drastic increase in the hardware wallet sales. Hopefully this won't be forgotten (like in the past) and people keep with the habit of keeping their bitcoin by themselves.
A major hardware wallet provider, Trezor, has recorded a major uptick in wallet sales in the aftermath of the FTX contagion, the firms brand ambassador Josef Tetek told Cointelegraph on Nov. 15.
Trezor saw its sales revenue surge 300% week-on-week and its still growing, Tetek reported, adding that the current sales are higher than a year ago when Bitcoin reached its all-time highs at $68,000. Trezor has also recorded a significant spike in its website traffic, which increased 350% over the same period, the exec noted.
According to Tetek, Trezor is quite certain that the uptick in new wallet users was a result of issues with FTX, a crypto exchange at the center of the latest industry scandal involving the misappropriation of user funds. The spike in demand for Trezor wallets started early last week, exactly when rumors of the FTX insolvency started circulating, Tetek reported.