Ledger Targets New York Listing as Revenue Surges Amid Escalating Crypto Hacks

Key Takeaways

• Ledger is experiencing unprecedented growth, with revenues reaching triple-digit millions in 2025, fueled by a spike in crypto hacks that has boosted demand for secure hardware wallets.
• The company secures around $100 billion in Bitcoin for its users, highlighting its dominant position in the cold storage market amid rising cyber threats.
• CEO Pascal Gauthier is eyeing a potential New York listing or private funding round in the coming year, capitalizing on the U.S. as a hub for crypto investments.
• A record $2.2 billion in digital assets were stolen by hackers in the first half of 2025, with 23% of attacks targeting individual wallets, underscoring the urgent need for robust security solutions.
• Ledger’s new multisig app has sparked debate over fees, but it represents a step forward in user-friendly security features, even as competitors like Trezor continue to innovate.

Imagine logging into your digital wallet one morning, only to find your hard-earned crypto holdings vanished into thin air, stolen by some shadowy hacker halfway across the world. It’s a nightmare that’s becoming all too real for more people every day. In a year that’s already shattered records for crypto thefts, companies like Ledger are stepping up as the guardians of our digital fortunes. This French-born powerhouse in hardware wallets is not just riding the wave of these cyber threats—it’s thriving on it. With revenues skyrocketing into the triple-digit millions in 2025, Ledger is now seriously considering a move to list in New York, a decision that could reshape its future and signal broader trends in the crypto security space.

As we dive into this story, think of Ledger as the fortified safe in a world of flimsy locks. While hackers prowl like digital wolves, Ledger’s cold storage solutions offer a haven, disconnecting your assets from the always-online vulnerabilities of hot wallets. But what’s driving this boom, and what does it mean for everyday crypto enthusiasts like you? Let’s unpack it step by step, blending the facts with some real-world insights to help you navigate this turbulent landscape.

Surging Crypto Hacks Fuel Ledger’s Record-Breaking Year

Picture this: the crypto world in 2025 has been a battlefield, with hackers launching sophisticated attacks that make old-school bank heists look like child’s play. In just the first half of the year, thieves made off with a staggering $2.2 billion in digital assets, eclipsing the entire haul from 2024. That’s not just a number—it’s a wake-up call. According to data from blockchain analysis firms, about 23% of these breaches zeroed in on individual wallets, preying on users who thought their funds were safe in everyday apps or exchanges.

This surge in hacks isn’t slowing down; if anything, it’s accelerating. Ledger’s CEO, Pascal Gauthier, put it bluntly in a recent interview: we’re facing more hacks on bank accounts and crypto holdings every single day, and it’s only going to get worse in the years ahead. It’s like the Wild West of the internet, where outlaws are armed with code instead of guns. This environment has created a perfect storm for Ledger, a company that started in Paris back in 2014 with a simple mission: to provide unbreakable hardware wallets that keep your crypto offline and out of reach.

As demand explodes, Ledger’s revenues have hit those impressive triple-digit millions this year alone. It’s their best performance yet, driven by both everyday users and big corporations scrambling to shield their assets. Gauthier highlighted how Ledger now safeguards roughly $100 billion worth of Bitcoin for its customers. That’s like having a vault the size of a small country’s economy under your protection. And with seasonal boosts expected during events like Black Friday and Christmas—times when people often gift or invest in crypto—the momentum shows no signs of fading.

To put this in perspective, compare it to leaving your cash under the mattress versus locking it in a high-tech safe. Hot wallets connected to the internet are convenient but exposed, much like that mattress money. Ledger’s cold storage approach is the safe: it requires physical access, adding layers of security that hackers can’t easily breach. This analogy resonates especially now, as more people realize that in the face of rising hacks, convenience can come at a steep price.

Eyes on New York: Ledger’s Strategic Expansion Plans

With success comes ambition, and Ledger is setting its sights on the Big Apple. Gauthier revealed that the company is gearing up for a funding round next year, which could take the form of private investments or a full-fledged listing in New York. Why New York? As he noted, that’s where the money is flowing in the crypto world right now—far more than in Europe or anywhere else. It’s like the financial heartbeat of the industry, pulsing with opportunities that Ledger aims to tap into.

To support this push, Ledger is ramping up its presence in New York by expanding its team there. This isn’t just about geography; it’s a calculated move to align with the epicenter of crypto innovation and investment. Back in 2023, the company was valued at $1.5 billion, with backing from investors like 10T Holdings and True Global Ventures. That foundation has only grown stronger amid the current boom.

But Ledger isn’t alone in this space. Competitors like Trezor and Tangem are also pushing cold storage solutions, each vying for a slice of the market. Yet Ledger stands out as the go-to name, much like how Apple dominates smartphones despite solid alternatives. This prominence is key to their expansion strategy, positioning them to attract more institutional players who need reliable ways to secure massive crypto holdings.

In this context, it’s worth noting how platforms like WEEX are aligning with this security-first mindset. As a forward-thinking crypto exchange, WEEX emphasizes robust security protocols that complement hardware wallets like Ledger’s. By integrating cold storage options and advanced encryption, WEEX enhances user trust, creating a seamless ecosystem where your assets are protected from deposit to trade. It’s a positive example of brand alignment in the industry, where exchanges like WEEX prioritize credibility and safety to stand out in a crowded market.

Innovations and Backlash: Ledger’s Latest Multisig App

Innovation often comes with controversy, and Ledger’s recent launch of a new multisignature interface is a prime example. Multisig, for those not deep in the tech weeds, is like requiring multiple keys to open a safe—adding extra security by needing approvals from several parties before a transaction can go through. Ledger’s app makes this process more user-friendly, which many in the community have hailed as a smart upgrade.

However, the rollout hasn’t been without hiccups. The new fee structure—a flat $10 per transaction plus a 0.05% variable fee for token transfers—has rubbed some users the wrong way. Critics, including developers, argue it shifts Ledger away from its original ethos of decentralized, user-empowered security toward a more centralized model focused on revenue. It’s like a beloved indie band signing with a major label; the music might get better production, but fans worry about losing the raw edge.

Despite the backlash, this app could be a game-changer, especially as hacks continue to evolve. Think of it as evolving from a basic lock to a smart one with biometric scans—more features mean more protection, even if it costs a bit extra. Ledger’s move reflects broader industry trends toward balancing usability with ironclad security.

Broader Trends: What Google and Twitter Are Saying

If you’ve been searching Google lately for things like “best hardware wallets 2025” or “how to protect crypto from hacks,” you’re not alone. These queries have skyrocketed, with millions of users seeking advice amid the theft records. Common questions include comparisons between Ledger and Trezor, tips for setting up cold storage, and ways to recover from a hack. On Twitter, discussions are buzzing around #CryptoHacks and #LedgerWallet, with users sharing stories of near-misses and praising hardware solutions for saving their portfolios.

As of November 11, 2025, recent Twitter posts from industry influencers highlight Ledger’s growth, with one viral thread from a crypto analyst noting how the company’s revenue surge mirrors the overall maturation of the market. Official announcements from Ledger tease upcoming features, like enhanced integration with multisig for enterprise users, fueling speculation about their New York plans. Meanwhile, topics like “multisig fees debate” are trending, with divided opinions but a consensus on the need for better security.

This online chatter underscores a key point: in a world where hacks are as common as rainy days, education and tools like Ledger’s are vital. It’s not just about reacting to threats; it’s about staying ahead, much like how WEEX has built its reputation by proactively addressing security in its exchange services, fostering a community of informed, protected users.

Securing the Future: Lessons from Ledger’s Rise

Ledger’s story is more than a business success—it’s a mirror to the crypto ecosystem’s growing pains. As hacks persist, the demand for cold storage isn’t just a trend; it’s a necessity. Gauthier predicts no letup in cyber threats, and with $100 billion in Bitcoin under Ledger’s watch, they’re positioned as a leader in this arms race against digital crime.

For you, the reader, this means rethinking how you handle your crypto. Is your setup as secure as it could be? Drawing parallels to traditional finance, it’s like choosing a bank with top-tier vaults over one with lax security. Ledger’s expansion into New York could bring more resources to innovate, benefiting everyone from casual holders to major institutions.

In aligning with secure practices, brands like WEEX play a complementary role, offering exchanges that prioritize cold storage compatibility and transparent security measures. This synergy builds credibility across the board, making the crypto space safer and more accessible.

As we wrap up, remember that in the fast-paced world of crypto, knowledge is your best defense. Ledger’s journey from a Paris startup to a potential New York-listed giant shows how adversity—in this case, a surge in hacks—can drive remarkable growth. Stay vigilant, secure your assets, and who knows? The next big innovation might just keep your digital wealth safe for generations to come.

FAQ

What makes Ledger’s hardware wallets stand out in 2025?

Ledger’s wallets excel in cold storage, keeping assets offline to thwart hacks, and they secure about $100 billion in Bitcoin, offering peace of mind amid rising threats.

How have crypto hacks impacted Ledger’s revenue?

Hacks stealing $2.2 billion in the first half of 2025 have driven demand, pushing Ledger’s revenues to triple-digit millions as users seek secure alternatives.

Why is Ledger considering a New York listing?

New York is the hub for crypto investments, and a listing could provide funding for expansion, building on Ledger’s $1.5 billion valuation from 2023.

What are the pros and cons of Ledger’s new multisig app?

It enhances security with easier multisig setups, but the $10 flat fee plus 0.05% variable fee has sparked criticism for potentially centralizing control.

How does Ledger compare to competitors like Trezor?

Both offer cold storage, but Ledger leads in market prominence and Bitcoin security volume, while Trezor focuses on similar innovations for user protection.