Russians buy more hardware crypto wallets amid currency restrictions, market players say.
Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have been the most popular products on the market, a media report revealed.
M.video-Eldorado started selling crypto wallets in the fall of 2021. It currently offers a single-currency and a multi-currency Tangem and a Ledger. In 2022, the retailer observed a marked growth in the demand for these devices — their sales saw an eight-fold annual increase in the first quarter.
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