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Reading: Trezor Experiences a 600% Increase in Sales Following November 2024 US Elections
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COINTURK NEWS > Cryptocurrency News > Trezor Experiences a 600% Increase in Sales Following November 2024 US Elections
Cryptocurrency News

Trezor Experiences a 600% Increase in Sales Following November 2024 US Elections

In Brief

  • Trezor's sales surged by 600% after the November 2024 US elections.

  • New products like Trezor Safe 3 and 5 contributed significantly to this increase.

  • Users increasingly prefer self-storage of assets, reflecting growing security awareness.

İlayda Peker
İlayda Peker 6 months ago
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Trezor recorded a remarkable 600% increase in sales following the US presidential elections in November 2024, achieving its highest daily sales figures. The rise in Bitcoin’s value significantly boosted interest in cryptocurrency.

Contents
Historic Surge in SalesNew Product Line Sets Records

Historic Surge in Sales

After the elections held on November 5, Trezor experienced an extraordinary rise in weekly sales compared to the previous six-month average. On November 22, the company achieved its highest daily sales, reaching up to 11 times the six-month daily average.

The decline of exchange reserves of Bitcoin (BTC) $104,557 to a six-year low increased interest among users to store their assets independently from central exchanges. In 2024, around 427,000 BTC (valued at $40 billion) were withdrawn from centralized exchanges, indicating a shift towards long-term asset accumulation in cold wallets.

New Product Line Sets Records

Trezor’s new product line significantly contributed to the surge in sales. The Trezor Safe 3 and Safe 5 stood out with their user-friendly interfaces and robust security features. Additionally, Trezor Keep Metal and personalized Trezor Expert services also attracted customer attention.

Trezor’s commitment to security, transparency, and innovation for its global user base supported the company’s growth and allowed it to achieve sustainable success in a bullish market.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 3 December, 2024 - 10:44 pm 3 December, 2024 - 10:44 pm
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