Sales of Ledger cryptocurrency wallets jumped 4.5 times in a day due to news about the problems of cryptocurrency platforms

Hardware wallet provider Ledger is trying to take advantage of the market situation to attract investment and expand its business.

Ledger hopes to raise at least $ 100 million by increasing its market valuation. The company wants to use the market stagnation to gain a firmer foothold in the crypto industry: in the current environment, investors tend to hold on to their digital assets rather than put them to work.

The recent liquidity problems at Zipmex, the bankruptcy of broker Voyager Digital and lender Celsius Network have shown that it is currently better to secure your assets.

Investors are looking to transfer their cryptocurrencies to cold or hardware wallets to gain absolute control over the assets. Ledger is the market leader in hardware wallets, and expects that the current conditions will only help them gain a foothold.