Dec 11, 2023

As a part of CoinDesk's Most Influential 2023, Ledger CEO and Chairman Pascal Gauthier discusses whether crypto hard wallets saw a significant uptick in sales after Binance founder Changpeng "CZ" Zhao pleaded guilty to one charge of violating the Bank Secrecy Act last month and the crypto exchange paid a $4.3 billion fine to settle the allegations. Plus, insights into Ledger's sales following FTX's implosion.

Video transcript

Did you see an uptake in sales after Binance pleaded guilty to the charges from the DOJ? Interestingly enough. No, uh a little bit but not to, you know, the magnitude of FTX I think, you know, to, to looking back on, on what happened with FTX, I think the, the, the, the sales that we saw uh sort of when FTX happened and post FTX were not just FTX users, they were like a bunch of exchanges users that understood the concept of not your keys, not your coins. Um And I think the wave of Binance users uh understanding this was already, you know, uh at that moment. Uh And so when the doj and the Binance thing happened, we saw a little uptake but, but nothing like what we saw for STX.

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