Suche
Mein Konto
The Future of Crypto Is Self-Custody Dealing a Blow to Exchanges, Says Ledger VP
Ledger, best known for its crypto hardware wallets, plans to add a cryptocurrency wallet extension to Safari Meanwhile, Coinbase CEO Brian Armstrong said he expects users to think more seriously about taking ownership of their assets. As retail and institutional interest in digital assets grows, wallet providers are betting on crypto holders to take ownership of their assets. Self-custody of digital assets is the “future,” said Charles Hamel, vice president of product at crypto hardware wallet maker Ledger. He added that ownership is “really unique and esoteric to the things we build.” Ledger makes hardware wallets that…
The Future of Crypto Is Self-Custody Dealing a Blow to Exchanges, Says Ledger VP
- Ledger, das vor allem für seine Krypto-Hardware-Wallets bekannt ist, plant, Safari um eine Wallet-Erweiterung für Kryptowährungen zu erweitern
- Brian Armstrong, CEO von Coinbase, sagte unterdessen, er erwarte, dass die Benutzer ernsthafter darüber nachdenken, ihre Vermögenswerte selbst in die Hand zu nehmen
As retail and institutional interest in digital assets grows, wallet providers are betting on crypto holders to take ownership of their assets.
Self-custody of digital assets is the “future,” said Charles Hamel, vice president of product at crypto hardware wallet maker Ledger. He added that ownership is “really unique and esoteric to the things we build.”
Ledger makes hardware wallets that allow users to store digital assets directly on a USB drive while securely controlling their private keys, unlike web-based or software wallets.
Exchanges are also starting to think about the role that self-custody and ownership play in the current digital asset landscape, Hamel said.
Crypto owners increasingly want to keep their assets themselves, often for fear of misplacing their private keys and losing their money forever, he said. As a result, exchanges have begun offering self-custody services, often for a premium.
Coinbase CEO Brian Armstrong said he expects users to more seriously consider taking ownership of assets. The exchange now offers self-custody wallets and will soon give users the ability to do so directly through the app, Armstrong recently wrote Blog entry.
As investors become more comfortable with the technology, concerns about ownership and security are becoming more important, Hamel said.
“The products most crypto forwards use today will be used by mainstream customers a year from now and by institutions a few years later,” Armstrong wrote. “We have to start integrating them today.”
Ledger revealed plans to add a crypto wallet extension, Ledger Connect, to Safari, which will allow users to connect hardware wallets to Web3 applications such as Ethereum and Solana.
“We want to reduce the friction for Ledger users to bring their keys to Web3,” Hamel said.
Security is also key when it comes to self-custody, he added. Ledger Connect plans to add a new security layer, “Web3 Check,” Hamel said, which aims to flag suspicious Web3 apps. Users will be warned if an app is linked to previous scams, hacked websites, or fraudulent smart contracts - the latter of which are increasing as decentralized finance protocols proliferate.
“Having something in your hand is essential for people – the tangibility is really important,” Hamel said.
. .
The post Crypto’s Future is Self-Custody, Dealing Blow to Exchanges, Ledger VP Says is not financial advice.