{"id":6344,"date":"2025-04-13T11:22:25","date_gmt":"2025-04-13T04:22:25","guid":{"rendered":"https:\/\/bitcoinvn.io\/shop\/?p=6344"},"modified":"2025-04-13T11:22:25","modified_gmt":"2025-04-13T04:22:25","slug":"ledger-market-share-in-vietnam-first-quarter-2025","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/shop\/ledger-market-share-in-vietnam-first-quarter-2025\/","title":{"rendered":"Ledger aggressively trumps market share in Vietnam in volatile first quarter 2025"},"content":{"rendered":"

As the first quarter of 2025 closes, the global cryptocurrency markets have once again shaken out those with a short-term horizon, to the benefit of those with a longer-term outlook.<\/span><\/p>\n

The patient will continue to outperform the impatient \u2013 the iron rule of markets holds.<\/span><\/p>\n

How did these events impact the demand for hardware wallets in Vietnam?<\/span><\/p>\n

A quarter dominated by market volatility<\/b><\/h2>\n

As the formerly most powerful nation on Earth elected a new administration, the new guy in town set the tone from the start:<\/span><\/p>\n

\"Trump<\/p>\n

While just a few years ago, starting a presidency with a memecoin launch would have seemed extremely unlikely, we\u2019re now in the 2020s, where the unlikely becomes reality in the blink of an eye.<\/span><\/p>\n

That volatility in our daily reality also translates into markets. The Trump coin launch marked the (so far) pico top, signaling that <\/span>“crypto crime season”<\/span><\/i> has duly arrived and <\/span>“everything goes.”<\/span><\/i><\/p>\n

On the bright side, some of the changes in the regulatory landscape do in fact strengthen the case for the right to self-custody and utilizing privacy-preserving tools without being marked as a criminal.<\/span><\/p>\n

After all, the number one OpSec lesson is and will remain:<\/span><\/p>\n

If you want to avoid becoming the victim of a cyber- or physical attack, don\u2019t become a target in the first place.<\/span><\/p>\n

Preserving your privacy when it comes to personal and financial data is a necessary defensive tool, just like having a fence and walls around your house \u2013 to keep what\u2019s valuable to you out of sight of predators.<\/span><\/p>\n

Hardware Wallet Sales in Vietnam in the first quarter 2025<\/b><\/h2>\n

For the first time since publishing our sales records, Ledger has achieved a market share of over 80% – complete and total dominance by the French juggernaut in the space.<\/span><\/p>\n

\"Ledger<\/p>\n

These numbers have been achieved despite the current lack of official access to the newer Ledger Stax and Ledger Flex models in Vietnam. The long-running bestsellers, <\/span>Ledger Nano S+<\/b><\/a> and <\/span>Ledger Nano X<\/b><\/a>, have been pulling all the weight – and doing so successfully.<\/span><\/p>\n

The <\/span>market share bump for Trezor in the last quarter of 2024,<\/span><\/a> following the launch of the Trezor Safe 3 and Trezor Safe 5 models in Vietnam, has so far proven to be short-lived. The Czech OG\u2019s are currently barely holding above 10% market share.<\/span><\/p>\n

While some industry participants express a preference for Trezor over Ledger due to their more \u201ccryptoanarchic\u201d roots, the more streamlined corporate business model of Ledger has given the French company the upper hand – at least when it comes to the numbers that determine commercial success.<\/span><\/p>\n

\"\"<\/p>\n

We will see what Team Trezor brings to the table in 2025 to challenge the current dominance of Ledger in the crypto hardware wallet space.<\/span><\/p>\n

However, a potential market share risk for the French is looming on the horizon:<\/span><\/p>\n

\"Hardwallet\"<\/p>\n

As the usage of <\/span>USDT (Tether) on Tron fades in favor of other chains such as Ethereum and Solana<\/span><\/a> as the main transport vehicle for stablecoins, the unique advantage that Ledger products had – especially in an Asian context, where Tron was more widely adopted – becomes less relevant by the week.<\/span><\/p>\n

Will this shift impact the market share of the two top players in the crypto hardware wallet space?<\/span><\/p>\n

We will certainly keep an eye on these trends in our subsequent reports.<\/span><\/p>\n

Bitcoin-only wallets in Vietnam – still a sideshow in early 2025<\/b><\/h2>\n

The comparatively negligible sales numbers of Bitcoin-only hardware wallets, such as <\/span>Coinkite\u2019s Coldcard series<\/span><\/a> or <\/span>Blockstream\u2019s Jade models<\/span><\/a>, indicate that despite all the brouhaha<\/span> around <\/span>“crypto adoption in Vietnam”<\/span><\/i> the depth of understanding is still in its early stages.<\/span><\/p>\n

\"Ledger<\/p>\n

Some connoisseurs choose the Jade or Coldcard wallets with the justified discernment needed to secure their Bitcoin for the long-term (ideally via <\/span>Multivendor MultiSig setup<\/span><\/a>). However, the rush for quick profits in crypto still dominates the landscape, heavily favoring hardware wallets like Ledger, which are designed with the typical \u201cWeb3 \/ token token\u201d audience in mind.<\/span><\/p>\n

Will this change anytime soon?<\/span><\/p>\n

After over ten years in this business, we\u2019re doubtful.\u00a0<\/span><\/p>\n

But if you\u2019ve made it this far, you might be a candidate to get it right.<\/span><\/p>\n

Patience and persistence pay off, so secure your Bitcoin for the long term – a time-proven strategy that requires one key skill:\u00a0<\/span><\/p>\n

Sitting tight despite all the noise and sticking to a long-term plan.\u00a0<\/span><\/p>\n

Holding Bitcoin and reducing risk has, over time, far outperformed any strategy that added layers of risk in pursuit of the hope for juiced-up returns.\u00a0<\/span><\/p>\n

Talk to any Bitcoin OG in private, and they\u2019ll confirm this.<\/span><\/p>\n

If that\u2019s your mindset and you want to start the right way, reach out to our team for <\/span>consultation<\/span><\/a> or to provide you with a holistic solution for <\/span>long-term savings without SPOF (single point of failure) in custody<\/span><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

As the first quarter of 2025 closes, the global cryptocurrency markets have once again shaken out those with a short-term horizon, to the benefit of those with a longer-term outlook. The patient will continue to outperform the impatient \u2013 the iron rule of markets holds. How did these events impact the demand for hardware wallets […]<\/p>\n","protected":false},"author":0,"featured_media":6349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/bitcoinvn.io\/shop\/wp-json\/wp\/v2\/posts\/6344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinvn.io\/shop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinvn.io\/shop\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinvn.io\/shop\/wp-json\/wp\/v2\/comments?post=6344"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinvn.io\/shop\/wp-json\/wp\/v2\/posts\/6344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinvn.io\/shop\/wp-json\/wp\/v2\/media\/6349"}],"wp:attachment":[{"href":"https:\/\/bitcoinvn.io\/shop\/wp-json\/wp\/v2\/media?parent=6344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinvn.io\/shop\/wp-json\/wp\/v2\/categories?post=6344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinvn.io\/shop\/wp-json\/wp\/v2\/tags?post=6344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}