Ledger’s focus on India highlights its efforts to drive crypto self-custody adoption with secure, user-friendly hardware wallets.
More than $3 billion in crypto-related hacks and scams in 2024 have led to heightened awareness of self-custody for digital assets. As a result, an increasing number of investors are opting for hardware wallets rather than relying on centralized exchanges.
A major hack on the WazirX crypto exchange in July 2024 caused $235 million in losses and affected over 4 million users in India. Speaking to Cointelegraph during a 10-year anniversary tour, Jean-Francois Rochet, the executive vice president of consumer services revenue at Ledger, highlighted the need for educating the masses about self-custody within such dense geographies:
“The Indian market needs to understand the benefits of crypto self-custody and the critical importance of digital security,” Rochet said.
