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Trezor Sees Record Sales Week As Bitcoin Approaches $100,000

November 29, 2024 – Prague, Czech Republic The hardware wallet company reported a 600% increase in sales following the US elections and recorded its highest single-day sales in history. Trezor , the original Bitcoin hardware wallet company, has reported the most successful sales week in its history. This milestone coincides with Bitcoin’s sharp price surge, nearing the $100,000 mark. The beginning of a new bull market, increased interest in cryptocurrency and a growing shift away from CEXs (centralized exchanges) toward self-custody have significantly driven Trezor’s record-breaking sales. The historic sales week followed the US presidential election, with Trezor experiencing an extraordinary 600% increase in weekly sales compared to the previous six-month average. This surge peaked on Friday, November 22, 2024, when Trezor achieved its best single sales day ever. Sales were 11 times higher than the typical daily average over the last six months, and it eclipsed its previous high on May 17, 2023, when Ledger announced its ‘Ledger Recovery’ service. Commenting on the milestone, Danny Sanders, chief commercial officer at Trezor, said, “These unprecedented results highlight the growing interest in cryptocurrencies. “A pivotal moment was Bitcoin becoming one of the topics during the US presidential elections, which served as a catalyst for further adoption. “Moreover, these remarkable results were fueled by a long-term increase in awareness among crypto users about the importance of self-custody. “The mantra, ‘not your keys, not your coins,’ remains highly relevant, as the market continues to recognize the risks of leaving assets on [CEXs] – a hard lesson learned from the collapse of numerous exchanges in the past. “All of this underpins the success of our expanded product range with the new ‘Safe’ and ‘Keep’ series and expert onboarding, making it easier for new people to onboard to hardware wallet.” The shift towards self-custody The shift towards self-custody is evident as Bitcoin reserves on exchanges have declined to their lowest levels in six years. In 2024 alone, approximately 427,000 BTC, valued at $40 billion, were withdrawn from CEXs (source – Cryptoquant). High-profile exchange failures, regulatory uncertainty and increased user education have driven this movement. Self-custody solutions like Trezor ensure users maintain full control of their funds, mitigating the risks associated with third-party custodians. New product line drives record sales Trezor’s new product families played a key role in achieving these outstanding results. The hardware wallets Trezor Safe 3 and Trezor Safe 5 have attracted significant attention for their user-friendly features, sleek modern design and robust security backed by Trezor’s open-source philosophy. Complementing these wallets, the Trezor Keep Metal – a durable solution for securely safeguarding wallet backups – and Trezor Expert, a personalized one-on-one online onboarding service, have seamlessly integrated into Trezor’s portfolio. Together, these innovations have made self-custody more accessible to both seasoned crypto enthusiasts and newcomers, empowering more users to take control of their financial future. Trezor’s commitment to empowering individuals through security, transparency and innovation continues to resonate with a global audience, driving record-breaking growth and positioning the company for continued success as the bull market accelerates. About Trezor Trezor is the original Bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies. Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software products that help protect users – from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative, which educates grassroots communities across the African continent on safe participation in the Bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and Bitcoin companies. Contact Jiri Kroulik , PR lead at Trezor This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements The post Trezor Sees Record Sales Week As Bitcoin Approaches $100,000 appeared first on The Daily Hodl . Coincu

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Hydration Unveils Decentralized Borrowing Platform on Polkadot

November 29, 2024 – Gibraltar, Gibraltar Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits and borrow various digital assets. Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the DeFi (decentralized finance) ecosystem. Hydration introduces on-chain prioritized liquidations, a mechanism designed to minimize losses and prevent exploitation during liquidation events. The platform operates as a fork of the AAVE version three protocol, offering over-collateralized borrowing capabilities and enabling users to explore advanced strategies, such as leveraging positions and arbitraging interest rates. These features cater to users seeking diverse, risk-adjusted financial strategies within the DeFi space. Hydration’s launch is a step forward in its mission to democratize access to financial tools while ensuring sustainable protocol development. The project’s focus on transparency and user-centric design aligns with the broader goals of fostering a robust, decentralized financial ecosystem. For more information, users can visit the website or the Hydration web app , or follow Hydration on X . About Hydration Hydration is a blockchain-based platform dedicated to enhancing financial accessibility and innovation through decentralized tools. By leveraging Polkadot’s scalability and interoperability, Hydration aims to empower individuals and institutions with secure, transparent and efficient solutions for borrowing, lending and managing digital assets. Contact Valery Hydrator This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements The post Hydration Unveils Decentralized Borrowing Platform on Polkadot appeared first on The Daily Hodl . Coincu