NGRAVE Reports 34% Sales Surge as July 1 MiCA Deadline Drives European Users to Self-Custody

According to NGRAVE, the company recorded a 34% surge in hardware wallet sales during the week of June 24-27 as the July 1 MiCA compliance deadline in Europe drew closer and users moved to secure their assets in self-custody ahead of regulatory changes.

The sales increase reflects a broader market trend: independent research projects the global hardware wallet market will triple from $720M–$957M in 2026 to $2.25B–$3.44B by 2031–2032, growing at approximately 25% compound annual growth rate. MiCA is named as a key structural catalyst, with Europe representing 28–30% of global demand. The growth is driven by regulatory pressure requiring cold storage infrastructure, recurring exchange security incidents, and shifting retail investor behavior toward direct asset ownership.