Cryptocurrency hardware wallet manufacturer Ledger is one of the most well-recognized brands in the entire industry. Its offerings allow users to store their cryptocurrencies safely in lieu of centralized wallets owned by cryptocurrency exchanges and service providers. Now, the Paris-based company has now opened a new office in Hong Kong — as it expects Asia to become a key growth market.
Benjamin Soong, Regional Head of Ledger Hong Kong, said that the Asia Pacific region was expected to become a key driver for future growth. He pointed out that Korea and China, the world’s two largest cryptocurrency markets, are located in Asia. There was a significant amount of demand for digital currencies in the world’s most populous country until a string of regulations and legislation effectively prohibited citizens from holding and using digital currency.
The Asia Pacific region is also home to many cryptocurrency exchanges. Thus, Ledger believes that there is a significant market yet to be tapped. Soong said the demand for custodial and security services was high in the region, as well, due to cryptocurrency exchanges taking enhanced steps to improve the security of user holdings after the dollar equivalent of cryptocurrency coins and tokens lost to attackers was the highest in 2018 — even though the market performed worse than the previous year.
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Rahul Nambiampurath
Rahul Nambiampurath's cryptocurrency journey first began in 2014 when he stumbled upon Satoshi's Bitcoin whitepaper. With a bachelor's degree in Commerce and an MBA in Finance from Sikkim Manipal University, he was among the few that first recognized the sheer untapped potential of decentralized technologies. Since then, he has helped DeFi platforms like Balancer and Sidus Heroes — a web3 metaverse — as well as CEXs like Bitso (Mexico's biggest) and Overbit to reach new heights with his...
Rahul Nambiampurath's cryptocurrency journey first began in 2014 when he stumbled upon Satoshi's Bitcoin whitepaper. With a bachelor's degree in Commerce and an MBA in Finance from Sikkim Manipal University, he was among the few that first recognized the sheer untapped potential of decentralized technologies. Since then, he has helped DeFi platforms like Balancer and Sidus Heroes — a web3 metaverse — as well as CEXs like Bitso (Mexico's biggest) and Overbit to reach new heights with his...
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