
Cryptocurrency exchange FTX filed for bankruptcy on November 11, and its failure is driving more crypto investors into self-management.
SafePal, a Binance-backed decentralized wallet brand that includes software/hardware/enhanced wallet offerings, revealed Wednesday that it is investigating a number of new users for its platform.
In a press release shared with Coinjournal, SafePal said the surge in signups would come from: FTX’s recent bankruptcy.
On November 11th, FTX, one of the world’s leading cryptocurrency exchanges, filed for bankruptcy. With millions of people losing money on platforms, it makes sense that more crypto investors are moving to self-custody of their assets.
According to SafePal, traffic to its platform has increased tenfold since November 11, and sales of SafePal’s web3 hardware wallet hit a record high during the same period.
The company said its last funding round was in 2018, binance, the world’s leading cryptocurrency exchange. Commenting on this latest development, her CEO of SafePal, Veronica Wong said:
The recent FTX situation has taught the industry important lessons about decentralization and transparency. As more people realize the importance of having full control over their assets, SafePal It will become one of the leading web3 gateways for the cryptocurrency masses.
SafePal added that cryptocurrency users have been flocking to non-custodial solutions for storing cryptocurrencies in recent weeks. The events of the past two weeks have emphasized the importance of self-management.
SafePal is one such solution. Decentralized wallet brand built around security and user experience since 2018.
The company added that the influx of new users reflects a broader trend among cryptocurrency holders in favor of non-custodial solutions that help minimize counterparty risk.
In the last six months, SafePal has over 7 million total users. The company has users in 196 countries around the world.
SafePal is a comprehensive crypto custody platform that allows users to store, manage, exchange and trade crypto assets. SafePal currently supports 15 languages and 54 blockchains. SafePal is also the first and only hardware wallet team invested by Binance’s venture arm, Binance Labs, the company concludes.

Cryptocurrency exchange FTX filed for bankruptcy on November 11, and its failure is driving more crypto investors into self-management.
SafePal, a Binance-backed decentralized wallet brand that includes software/hardware/enhanced wallet offerings, revealed Wednesday that it is investigating a number of new users for its platform.
In a press release shared with Coinjournal, SafePal said the surge in signups would come from: FTX’s recent bankruptcy.
On November 11th, FTX, one of the world’s leading cryptocurrency exchanges, filed for bankruptcy. With millions of people losing money on platforms, it makes sense that more crypto investors are moving to self-custody of their assets.
According to SafePal, traffic to its platform has increased tenfold since November 11, and sales of SafePal’s web3 hardware wallet hit a record high during the same period.
The company said its last funding round was in 2018, binance, the world’s leading cryptocurrency exchange. Commenting on this latest development, her CEO of SafePal, Veronica Wong said:
The recent FTX situation has taught the industry important lessons about decentralization and transparency. As more people realize the importance of having full control over their assets, SafePal It will become one of the leading web3 gateways for the cryptocurrency masses.
SafePal added that cryptocurrency users have been flocking to non-custodial solutions for storing cryptocurrencies in recent weeks. The events of the past two weeks have emphasized the importance of self-management.
SafePal is one such solution. Decentralized wallet brand built around security and user experience since 2018.
The company added that the influx of new users reflects a broader trend among cryptocurrency holders in favor of non-custodial solutions that help minimize counterparty risk.
In the last six months, SafePal has over 7 million total users. The company has users in 196 countries around the world.
SafePal is a comprehensive crypto custody platform that allows users to store, manage, exchange and trade crypto assets. SafePal currently supports 15 languages and 54 blockchains. SafePal is also the first and only hardware wallet team invested by Binance’s venture arm, Binance Labs, the company concludes.

Cryptocurrency exchange FTX filed for bankruptcy on November 11, and its failure is driving more crypto investors into self-management.
SafePal, a Binance-backed decentralized wallet brand that includes software/hardware/enhanced wallet offerings, revealed Wednesday that it is investigating a number of new users for its platform.
In a press release shared with Coinjournal, SafePal said the surge in signups would come from: FTX’s recent bankruptcy.
On November 11th, FTX, one of the world’s leading cryptocurrency exchanges, filed for bankruptcy. With millions of people losing money on platforms, it makes sense that more crypto investors are moving to self-custody of their assets.
According to SafePal, traffic to its platform has increased tenfold since November 11, and sales of SafePal’s web3 hardware wallet hit a record high during the same period.
The company said its last funding round was in 2018, binance, the world’s leading cryptocurrency exchange. Commenting on this latest development, her CEO of SafePal, Veronica Wong said:
The recent FTX situation has taught the industry important lessons about decentralization and transparency. As more people realize the importance of having full control over their assets, SafePal It will become one of the leading web3 gateways for the cryptocurrency masses.
SafePal added that cryptocurrency users have been flocking to non-custodial solutions for storing cryptocurrencies in recent weeks. The events of the past two weeks have emphasized the importance of self-management.
SafePal is one such solution. Decentralized wallet brand built around security and user experience since 2018.
The company added that the influx of new users reflects a broader trend among cryptocurrency holders in favor of non-custodial solutions that help minimize counterparty risk.
In the last six months, SafePal has over 7 million total users. The company has users in 196 countries around the world.
SafePal is a comprehensive crypto custody platform that allows users to store, manage, exchange and trade crypto assets. SafePal currently supports 15 languages and 54 blockchains. SafePal is also the first and only hardware wallet team invested by Binance’s venture arm, Binance Labs, the company concludes.

Cryptocurrency exchange FTX filed for bankruptcy on November 11, and its failure is driving more crypto investors into self-management.
SafePal, a Binance-backed decentralized wallet brand that includes software/hardware/enhanced wallet offerings, revealed Wednesday that it is investigating a number of new users for its platform.
In a press release shared with Coinjournal, SafePal said the surge in signups would come from: FTX’s recent bankruptcy.
On November 11th, FTX, one of the world’s leading cryptocurrency exchanges, filed for bankruptcy. With millions of people losing money on platforms, it makes sense that more crypto investors are moving to self-custody of their assets.
According to SafePal, traffic to its platform has increased tenfold since November 11, and sales of SafePal’s web3 hardware wallet hit a record high during the same period.
The company said its last funding round was in 2018, binance, the world’s leading cryptocurrency exchange. Commenting on this latest development, her CEO of SafePal, Veronica Wong said:
The recent FTX situation has taught the industry important lessons about decentralization and transparency. As more people realize the importance of having full control over their assets, SafePal It will become one of the leading web3 gateways for the cryptocurrency masses.
SafePal added that cryptocurrency users have been flocking to non-custodial solutions for storing cryptocurrencies in recent weeks. The events of the past two weeks have emphasized the importance of self-management.
SafePal is one such solution. Decentralized wallet brand built around security and user experience since 2018.
The company added that the influx of new users reflects a broader trend among cryptocurrency holders in favor of non-custodial solutions that help minimize counterparty risk.
In the last six months, SafePal has over 7 million total users. The company has users in 196 countries around the world.
SafePal is a comprehensive crypto custody platform that allows users to store, manage, exchange and trade crypto assets. SafePal currently supports 15 languages and 54 blockchains. SafePal is also the first and only hardware wallet team invested by Binance’s venture arm, Binance Labs, the company concludes.