Ledger Nano S Launches Monero Support

Ledger, the hardware cryptocurrency wallet company, announced that its Nano S users are now able to store their Monero (XMR) tokens.

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Based in France, the Ledger company is one of the oldest hardware wallet manufacturers, alongside Trezor and KeepKey. The Nano S device will be compatible with Monero’s recent 0.13 GUI update.

Commenting on the XRM support, Eric Larchevêque, CEO of Ledger, stated that Ledger is thrilled to accept another top-10 cryptocurrency in its support list. He added: “With this addition, Ledger devices now cover 90% of the entire crypto market capitalization.”

Amid continuous hacker attacks and crypto vulnerability, Ledger continues its emphasis on the support of the world’s best cryptocurrencies. Earlier in November, Trezor warned its users that fraudulent organizations are selling fake hardware wallets on behalf of the company.

Ledger, on the other hand, announced its expansion into NYC. The expansion is aiming to utilize the workforce of a former Intercontinental Exchange executive to be in charge of Ledger Vault – Ledger’s institutional custody project.

Prior to the Monero update, Larchevêque announced that Ledger sold over 1,3 million Nano S devices worldwide.

As per data from Cryptobrowser.io, Monero is ranked at #11 by market capitalization, with Cardano (ADA) at number 10 and TRON (TRX) at number 12. One Monero (XMR) token is currently trading at $60.99, while daily trading volumes sit around the $17 million mark. Monero’s total market capitalization is over $1 billion.

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