Crypto Self-Custody Demand Fuels Wallet Maker Tangem's Double Revenue Growth
Crypto Self-Custody Demand Fuels Wallet Maker Tangem's Double Revenue Growth
Hardware wallet manufacturer Tangem announced its annual revenue for 2025 has exceeded $60 million, marking a substantial 102% increase year-over-year. This growth is directly attributed to the rising demand for self-custody solutions, particularly hybrid cold storage, indicating a significant market shift towards users actively managing their digital assets.
Tangem Reports Soaring Revenue Amid Self-Custody Surge
Tangem reported more than $60 million in revenue for 2025, marking a 102% year-over-year increase amid rising demand for hybrid cold storage. The company's success highlights a growing trend in the cryptocurrency market where users are increasingly opting for self-custody solutions and 'active' management of their digital assets, moving away from reliance on centralized exchanges for storage.