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Wallets/ledger-live

Ledger Live (Ledger Wallet)

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Overview

Ledger Live (also branded Ledger Wallet) is the leading hardware-signed self-custody wallet companion app, operated by Ledger SAS (Paris, France) [1, 2]. 7-8 million customers across 160+ countries rely on Ledger devices + Ledger Live; Ledger secures more than 20% of the world's crypto assets. Hardware wallets represent ~22% of all crypto wallets in 2025; hardware wallet sales grew ~31% in 2025 vs 2024; 71% of users cite security as their reason for preferring hardware wallets.

Major 2025 product: Ledger Wallet 4.0 launched with redesigned navigation + overhauled Earn section + support for new Ledger Nano Gen5 hardware device. Ledger Wallet Perpetual Trading launched with hardware-level security — substantial product expansion.

Hardware-wallet market outlook: CAGR 23.4% (2025-2032); $780M (2025) → $3.44B (2032).

History

2014 — Ledger founded in Paris [2] by 8 co-founders including Éric Larchevêque + Pascal Gauthier + Joël Pobeda + others.

2016 — Ledger Nano S launches [2]: Iconic compact hardware wallet.

2018 — Ledger Live companion app launches [2]: Multi-chain management.

2019 — Ledger Nano X (Bluetooth) [2].

2022 — Ledger Stax announced (curved e-ink screen; delayed); eventually shipped 2024.

2023 — Ledger Recover (controversial firmware update with optional seed-recovery service) [2]: Privacy backlash from community.

2025 — Ledger Wallet 4.0 + Ledger Nano Gen5 launch [3]: Major device + software refresh.

2025 — Ledger Wallet Perpetual Trading with hardware-level security [4]: New product.

Mid-2025 — 7-8M customers + 20%+ world's crypto assets secured + 22% hardware-wallet market share [1].

Ownership & operator

Operating entity: Ledger SAS (Paris, France).

CEO: Pascal Gauthier (succeeded Éric Larchevêque).

Major investors: Cathay Innovation, Draper Esprit, FirstMark Capital, 10T Holdings, Korelya Capital + others. Valuation peaked $1.5B in 2023 Series C extension.

Regulator distinction: Hardware wallets generally don't require custody licenses since users hold private keys; Ledger Live companion app is non-custodial.

Technical integration

Layer Description
Hardware Ledger Nano S Plus + Nano X + Stax (curved e-ink) + Nano Gen5 (2025) — secure-element chip for signing
Channels Ledger Live mobile app (iOS + Android) + Ledger Live desktop
Identifiers Blockchain addresses
Supported chains 5,500+ tokens across many chains — Bitcoin, Ethereum, Solana, BNB, Polygon, many others
Self-custody Private keys never leave hardware device; transactions signed on-device
Ledger Wallet 4.0 (2025) Redesigned navigation + Earn section + Nano Gen5 support
Perpetual Trading (2025) Hardware-level security for perpetuals

Users & growth

2025 [1]:

  • Customers: 7-8 million across 160+ countries
  • Share of world's crypto assets secured: 20%+
  • Hardware wallet market share: 22% of all crypto wallets
  • 2025 vs 2024 hardware-wallet sales growth: +31%
  • Hardware-wallet market size (2025): $780.83 million; projected $3.44B by 2032 (CAGR 23.4%)

User-preference context: 71% of hardware-wallet users cite security as primary reason.

Use cases

Hardware-signed self-custody (private keys never leave device); Bitcoin, Ethereum, Solana + 5,500+ tokens; DeFi (on-device signing via WalletConnect); NFT storage; staking; Ledger Earn (passive income on staked assets); perpetuals trading (2025+).

Implementations & partners

Operator: Ledger SAS (Paris).

Hardware partner: STMicroelectronics + ST33 secure-element chips.

Software partners: Wallet apps for thousands of cryptocurrencies; integrations with MetaMask, Phantom + other software wallets for hardware-signed transactions.

Major competitor: Trezor (Czech-based hardware-wallet pioneer; SatoshiLabs).

Other competitors: GridPlus + Keystone + Coldcard + BitBox + SafePal (other hardware wallets).

Fun facts

  • 2014 founded in Paris by 8 co-founders.
  • 7-8 million customers across 160+ countries; secures 20%+ of world's crypto assets.
  • 22% hardware-wallet market share + +31% hardware-wallet sales growth 2025 vs 2024.
  • Iconic Ledger Nano S (2016) — defining compact hardware-wallet form factor.
  • Ledger Stax (2024, curved e-ink) — premium product.
  • 2023 Ledger Recover firmware — controversial optional seed-recovery via third parties; community privacy backlash.
  • Pascal Gauthier CEO (succeeded Éric Larchevêque).
  • $1.5B valuation peak (2023 Series C extension).
  • Hardware-wallet market $780M (2025) → $3.44B (2032) CAGR 23.4%.
  • Ledger Wallet 4.0 + Nano Gen5 + Perpetual Trading (2025) — major product refresh year.

Comparison

Feature Ledger Live Trezor GridPlus BitBox Coldcard
Operator Ledger SAS (Paris) SatoshiLabs (Czech) GridPlus Shift Crypto (Swiss) Coinkite
Form factor Compact USB/Bluetooth (Nano S Plus, X, Stax, Gen5) Compact USB (Trezor One, T, Safe 3, Safe 5) Lattice1 (larger; touchscreen) BitBox02 (compact USB-C) Coldcard (Bitcoin-only)
Customers 7-8M / 160+ countries Major (~3M) Smaller Smaller Bitcoin-specialist
2025 device Nano Gen5 Safe 5 Lattice1 BitBox02 (continued) Coldcard Q
Distinctive Stax e-ink + Ledger Live ecosystem + Perpetual Trading 2025 Open-source firmware heritage Larger screen + touchscreen Open-source + Swiss-based Bitcoin-only + Coldcard-specific UX
Software competitors MetaMask + Phantom + Trust Wallet (software) Same Same Same Bitcoin-only

Status

Active, leading hardware-signed self-custody wallet [1, 3]:

  • Ledger SAS (Paris) since 2014.
  • 7-8 million customers across 160+ countries.
  • Secures 20%+ of world's crypto assets + 22% hardware-wallet market share.
  • 2025 Ledger Wallet 4.0 + Nano Gen5 + Perpetual Trading launches.
  • Hardware-wallet market $780M (2025) → $3.44B (2032) CAGR 23.4%.

Sources

Source

Biography extracted from ledger-live.md. See matrix.md for standards-support matrix if present.

source · docs/wallets/ledger-live/index.md