The bear market in cryptos is in full swing and every company is trying hard to adapt to it. While some make the sometimes difficult choice of reducing their workforce, others prefer to improve their operational efficiency. The key is to continue to profit from a market that has deteriorated considerably in recent months.
Trezor in search of operational autonomy
The designer of crypto hardware wallets, Trezor will evolve its activities. Monday February 27, the company has announced that from now on it will produce the silicon chips itself, intended for the crypto wallets it designs. According to the company, this decision is explained by the operational difficulties it is encountering. Concerns mainly related to the upheaval that the silicon supply chain is experiencing.
“The demand for hardware wallets and the supply chain disruptions in the silicon industry that we have experienced in recent years have been issues that we needed to address,” said Štěpán Uherik, Trezor’s CFO.
What Trezor wants concretely is to have greater operational freedom. This would consist of improving the performance of its portfolio design process, in terms of time and quantity. Above all, the company wants to get rid of execution times deemed too long.
Second, the company is targeting an increase in the security of its crypto wallet manufacturing device. A choice on which Trezor is betting to increase its market share in this segment. This, in a context where the demand for hardware crypto wallets is exploding.
Through this strategic choice, Trezor wants above all to be part of the perspective of a change in the current circumstances of the crypto industry. For leaders, it’s really about being ready to react to the recovery of the crypto wallet market. Since the collapse of FTX last November, this market seems to be doing better. A momentum that should be maintained, given the exposure of demand. Added to this is the desire of several companies to develop more scalable hardware wallets.
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