Demand for Trezor cryptocurrency wallets has increased by 300%

Representatives of Trezor, a crypto wallet company, have recorded a 300% increase in sales following the bankruptcy of the FTX exchange. According to CEO Josef Tetek, Trezor’s sales are even higher than a year ago, when bitcoin set a historical high.

In addition to the weekly sales increase, the company’s official website has also seen a 350% increase in traffic. Members of the cryptocurrency community are buying wallets to protect their money, as the level of trust in centralized exchanges has significantly decreased. According to Josef Tetek, Trezor expects sales to continue to grow in the short and medium term, as the problems after the FTX collapse are only gaining momentum.

A similar upward trend in sales of Trezor cryptocurrency wallets was observed in July of this year, after the bankruptcy of Celsius Network, but there were fewer people willing to buy a wallet then than now. Trezor emphasized that it will take a long time before people realize that it is better to be the only one holding the keys to their wallet.

It is worth noting that the chances of FTX clients to receive a refund of their lost funds are slim — this became clear from FTX investment documents, which were accessed by the Financial Times. The Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried exchange had only $ 900 million in liquid assets against $ 9 billion in liabilities. Most of these liquid assets, included in the FTX’s international balance sheet from Thursday, consisted of $ 470 million worth of Robinhood shares.