Demand for Cold Crypto Wallets Increases After FTX Crash: Here’s the Data

The sudden bankruptcy of FTX, one of the favorite crypto exchanges of recent years, caused a great shock to crypto investors. Crypto community, central cryptocurrency Losing confidence in their stock markets, he questioned the collateral held by companies. Although the leading exchanges announced their crypto reserves to quell the panic, the lost trust was not completely compensated.

SimilarWeb, in its new research of FTX discovered that interest in cold crypto wallets had risen following its collapse.

According to the researchers’ post, investors following the crypto market shake-up “cold wallet” searched the keyword 4 times more on the internet.

The number of daily visits to the website of Ledger, the largest cold wallet manufacturer for cryptocurrencies, was around 100,000 last month. According to SimilarWeb data, with the bankruptcy of the FTX exchange, this figure increased by 200% to 300,000 daily visitors.

According to the source reached by the researchers ledger Almost all visits to the website are from real users. There is no artificial increase in the number of visits.

What is Cold Wallet?

cold walletare technological devices that allow cryptocurrencies to be stored on a hardware device that is not connected to the internet. Cold wallets are much more secure than hot wallets as they are not connected to the internet network.

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