Major hardware wallet maker Trezor said they have noticed higher interest in their devices following a string of crypto company meltdowns and centralized exchanges suspending withdrawals.
According to a company spokesperson, bitcoin (BTC) and crypto holders are “getting nervous about holding their coins with custodians and are exploring self-custody options.”
That said, there is still work to be done in educating people about what it means to hold one’s coin on a crypto exchange, instead of being the only person able to access and control them.
Trezor's observations come, not simply during a particularly harsh crypto bear market, but also during the massive turmoil in which a number of centralized crypto companies have found themselves, struggling not to sink and drown.