Self-custody wallets are gaining popularity as more people seek control and security over their digital assets. Trust Wallet and MetaMask are two widely used self-custody wallets, with millions of users globally. Hardware wallets, such as Ledger Live, are also becoming increasingly popular. In the US alone, there are over 4 million crypto wallet users, with Trust Wallet leading the market. The adoption of self-custody wallets saw a significant increase after the FTX incident, indicating a growing preference for these solutions. However, widespread adoption still faces challenges, as users need to be crypto-educated. Despite the rise of self-custody wallets, Binance’s ex-CEO, CZ, emphasized the importance of not losing trust in centralized exchanges. He argued that while self-custody wallets offer more control, most people are not capable of securely managing their security keys. Overall, the popularity of self-custody wallets is on the rise, driven by a desire for control and security, but widespread adoption requires further education and user-friendly solutions.

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Information	Details
Geography	Global
Countries	🇦🇲 🇺🇸
Sentiment	neutral
Relevance Score	1
People	Zhao, CZ
Companies	MetaMask, Coinbase Wallet, Binance, Trust Wallet, Ledger Live
Currencies	None
Securities	None