{"id":7151,"date":"2025-07-15T05:59:50","date_gmt":"2025-07-14T22:59:50","guid":{"rendered":"https:\/\/bitcoinvn.io\/shop-2\/?p=7151"},"modified":"2025-07-24T08:17:59","modified_gmt":"2025-07-24T01:17:59","slug":"trezor-expanding-market-share","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/shop-2\/trezor-expanding-market-share\/","title":{"rendered":"Trezor expanding market share in Vietnam in second quarter 2025"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The European OG of hardware wallets, Trezor, has reclaimed a market share of over 20% in the second quarter of 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This renewed momentum comes despite no new product launches since the introduction of th<\/span><span style=\"font-weight: 400;\">e <\/span><a href=\"https:\/\/bitcoinvn.io\/shop-2\/trezor-safe-3-for-direct-shipping-within-vietnam\/\" target=\"_blank\" rel=\"noopener\"><b>Trezor Safe 3<\/b><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/bitcoinvn.io\/shop-2\/trezor-safe-5-in-vietnam\/\" target=\"_blank\" rel=\"noopener\"><b>Trezor Safe 5<\/b><\/a><span style=\"font-weight: 400;\">,<\/span><span style=\"font-weight: 400;\"> both of which entered the Vietnamese market in 2024. Still, the Czech manufacturer has resumed the uptrend observed at the end of last year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><b>BitcoinVN Research<\/b><span style=\"font-weight: 400;\">, two key factors may have contributed to this rise:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\">The recent announcement from Ledger that it will discontinue the popular Ledger Nano S has left a gap in the market. As of now, Ledger\u2019s newer models &#8211;\u00a0 the <b>Ledger Flex<\/b> and <b>Ledger Stax<\/b> &#8211; are not yet officially available in Vietnam.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Limited availability of competing products. <\/b>With Ledger\u2019s newer models &#8211; the <b>E Ink-based<\/b> Ledger Flex and Ledger Stax &#8211; not yet officially available in Vietnam, customers may be opting for the tried-and-tested <a href=\"https:\/\/bitcoinvn.io\/shop-2\/product-category\/trezor\/\" target=\"_blank\" rel=\"noopener\"><b>Trezor Safe 3<\/b> and <b>Safe 5<\/b><\/a> instead. Both Trezor models feature modern <b>color OLED displays<\/b> (with touchscreen functionality on the Safe 5) offering a more user-friendly experience and improved ability to verify transaction details &#8211; helping users avoid <b>blind signing issues<\/b> common with smaller or less intuitive interfaces.<\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Once the Ledger Flex and Stax models are officially launched in Vietnam, it is likely that Ledger will recover some of its lost market share. Until then, Trezor remains well-positioned to benefit from the current gap in availability of modern, high-end hardware wallets.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7153 size-full\" src=\"https:\/\/bitcoinvn.io\/shop-2\/wp-content\/uploads\/2025\/07\/bitcoinvn-shop-sales-q2-2.jpg\" alt=\"\" width=\"800\" height=\"450\" srcset=\"https:\/\/bitcoinvn.io\/shop-2\/wp-content\/uploads\/2025\/07\/bitcoinvn-shop-sales-q2-2.jpg 800w, https:\/\/bitcoinvn.io\/shop-2\/wp-content\/uploads\/2025\/07\/bitcoinvn-shop-sales-q2-2-300x169.jpg 300w, https:\/\/bitcoinvn.io\/shop-2\/wp-content\/uploads\/2025\/07\/bitcoinvn-shop-sales-q2-2-768x432.jpg 768w, https:\/\/bitcoinvn.io\/shop-2\/wp-content\/uploads\/2025\/07\/bitcoinvn-shop-sales-q2-2-600x338.jpg 600w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h2><b>Tron Network trend in Asia<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Another factor contributing to the shift may be the <\/span><b>declining usage of USDT on the Tron network<\/b> <b>across Asia<\/b><span style=\"font-weight: 400;\"> &#8211; a trend our colleagues at BitcoinVN News and BitcoinVN Research will be covering in more detail soon.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While <\/span><b>Tron<\/b><span style=\"font-weight: 400;\"> remains, for now, the dominant network for USDT transfers &#8211; thanks largely to its deep adoption even at small corner shops across the \u201cGlobal South\u201d &#8211; our team at the <\/span><a href=\"http:\/\/bitcoinvn.io\/otc\" target=\"_blank\" rel=\"noopener\"><b>BitcoinVN OTC desk<\/b><\/a><span style=\"font-weight: 400;\"> has observed a notable shift back toward the Ethereum network. With Ethereum now offering significantly lower fees, it is increasingly becoming &#8211; once again &#8211;\u00a0 the preferred choice for <\/span><a href=\"https:\/\/bitcoinvn.io\/?deposit=usdterc20&amp;settle=vndinstant\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">USDT transfers<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This trend is further reinforced by the fact that <\/span><a href=\"https:\/\/bitcoinvn.io\/?deposit=usdc&amp;settle=vndinstant\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">USDC (Circle)<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; the primary competitor to USDT &#8211; does not support Tron at all, with the vast majority of USDC issuance and usage anchored on Ethereum.<\/span><\/p>\n<h3><b>Why does this matter?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Because <\/span><b>Trezor still does not support assets on the Tron network<\/b><span style=\"font-weight: 400;\"> &#8211; and there are no signs that this will change anytime soon.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Until recently, this was a major limitation. Users in Vietnam (and across Asia) who relied on USDT on Tron had little choice but to use a <\/span><a href=\"https:\/\/bitcoinvn.io\/shop-2\/product-category\/ledger\/\"><span style=\"font-weight: 400;\">Ledger device<\/span><\/a><span style=\"font-weight: 400;\"> as their \u201cdaily driver\u201d multicoin wallet &#8211; simply because Trezor couldn\u2019t support the dominant USDT transfer network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But as Tron\u2019s relevance continues to fade month by month, Ledger is losing a key advantage that previously set it apart from its main competitor out of Prague.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7154 size-full\" src=\"https:\/\/bitcoinvn.io\/shop-2\/wp-content\/uploads\/2025\/07\/bitcoinvn-shop-sales-q2-3.jpg\" alt=\"\" width=\"800\" height=\"450\" srcset=\"https:\/\/bitcoinvn.io\/shop-2\/wp-content\/uploads\/2025\/07\/bitcoinvn-shop-sales-q2-3.jpg 800w, https:\/\/bitcoinvn.io\/shop-2\/wp-content\/uploads\/2025\/07\/bitcoinvn-shop-sales-q2-3-300x169.jpg 300w, https:\/\/bitcoinvn.io\/shop-2\/wp-content\/uploads\/2025\/07\/bitcoinvn-shop-sales-q2-3-768x432.jpg 768w, https:\/\/bitcoinvn.io\/shop-2\/wp-content\/uploads\/2025\/07\/bitcoinvn-shop-sales-q2-3-600x338.jpg 600w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h2><b>Bitcoin Only wallets remain niche<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As in previous quarters, Bitcoin-only hardware wallets from manufacturers like Coinkite and Blockstream continue to serve a niche but highly discerning audience &#8211; users focused on hardening their setup for intergenerational wealth preservation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While devices like the <\/span><a href=\"https:\/\/bitcoinvn.io\/shop-2\/product-category\/blockstream\/\" target=\"_blank\" rel=\"noopener\"><b>Blockstream Jade<\/b><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/bitcoinvn.io\/shop-2\/product-category\/coinkite\/\" target=\"_blank\" rel=\"noopener\"><b>Coinkite Coldcard<\/b><\/a><span style=\"font-weight: 400;\"> may not be ideal as a \u201cdaily driver\u201d for users frequently interacting with stablecoins, they shine in areas where long-term Bitcoin security is paramount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, the Blockstream Jade <\/span><i><span style=\"font-weight: 400;\">does<\/span><\/i><span style=\"font-weight: 400;\"> support <\/span><a href=\"https:\/\/bitcoinvn.io\/?deposit=usdterc20&amp;settle=usdtliquid\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">USDT on the Liquid Network<\/span><\/a><span style=\"font-weight: 400;\">, offering one of the few privacy-respecting options available today for stablecoin transfers. Still, for most multi-asset users, these devices are best used alongside more general-purpose wallets like Trezor or Ledger &#8211; for example, in a multivendor multisig setup that significantly increases resilience and reduces single points of failure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re looking to take your self-custody setup to the next level, our<\/span><a href=\"http:\/\/bitcoinvn.io\/consulting\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> CyberSec Consulting team at BitcoinVN<\/span><\/a><span style=\"font-weight: 400;\"> is available for 1-on-1 private sessions, and is currently preparing regular public events focused on self-custody digital security hygiene &#8211; to help prepare our readers and followers for a future where most wealth is digital and threat environments evolve rapidly.<\/span><\/p>\n<h2><b>Stay in touch<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We\u2019ll continue to monitor the situation and keep our readers informed about any new product updates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To stay up to date, you can follow us via <\/span><a href=\"http:\/\/bitcoinvn.io\" target=\"_blank\" rel=\"noopener\"><b>our newsletter (sign up for BitcoinVN Exchange)<\/b><\/a><span style=\"font-weight: 400;\"> or on social media (<\/span><a href=\"https:\/\/www.facebook.com\/BitcoinVNShop\/?locale=vi_VN\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Facebook<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"http:\/\/x.com\/bitcoinvnshop\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Twitter<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/primal.net\/p\/nprofile1qqs0s27y0uszu23jd4v2wy0rpmk4f4qsvm6ueqs0lduy8v0v6sfwn7cxa3r40\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Nostr<\/span><\/a><span style=\"font-weight: 400;\">).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European OG of hardware wallets, Trezor, has reclaimed a market share of over 20% in the second quarter of 2025. This renewed momentum comes despite no new product launches since the introduction of the Trezor Safe 3 and Trezor Safe 5, both of which entered the Vietnamese market in 2024. Still, the Czech manufacturer [&hellip;]<\/p>\n","protected":false},"author":136,"featured_media":7152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trezor expanding market share in Vietnam in second quarter 2025 - BitcoinVN Shop<\/title>\n<meta name=\"description\" content=\"BitcoinVN Shop reports strong Q2\/25 sales as Trezor expands market share in Vietnam. 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