The global hardware wallet market, valued at $245 million in 2021, is expected to swell to over $1.7 billion by 2030, according to market research firm Straits Research.
Reuters GraphicsBLOWING HOT AND COLDAlthough hot wallets are usually free and offer quick access to crypto, they can be vulnerable to hacks.
In August, nearly 8,000 crypto wallets on the Solana blockchain were hit by hackers who made off with more than $5 million in crypto.
loading"Users are strongly encouraged to use hardware wallets," Solana said at the time.
France's Ledger, another hardware wallet maker, said it saw a spike in sales after the Solana wallets heist.