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.

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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