Crypto

Telegram users create over 700,000 self-custodial wallets in 48 hours

Pavel Durov said Telegram users created more than 700,000 self-custodial wallets within 48 hours. Holding their own keys means users, not a company, control their crypto.

Illustration: A hardware wallet with a closed padlock beside it on a lime green seamless backdrop.
Illustration

Pavel Durov said more than 700,000 new self-custodial wallets were created on Telegram within 48 hours. A self-custodial wallet is a crypto wallet where the user, not a company, holds the private keys that control the funds.

The figure points to growing user interest in decentralized finance, a term for money services that run without a central middleman. For users, holding their own keys gives full control of the funds but also means more responsibility for keeping them safe.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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