Rumble Plans to Introduce a Non-custodial Crypto Wallet in Q3 2025 to Challenge Coinbase’s Dominance

Rumble plans to introduce a non-custodial crypto wallet in Q3 2025 to challenge Coinbase’s dominance. The new wallet developed with Tether will support Bitcoin

Video-streaming platform Rumble plans to introduce a non-custodial crypto wallet in Q3 to challenge Coinbase’s dominance.

The new wallet, developed with Tether, will support Bitcoin, Tether (USDT), and possibly Tether Gold (XAUT). It’s designed for creators and international users to achieve financial independence and cross-border flexibility.

“We are building a non-custodial bitcoin and stablecoin wallet with Tether, which will go live in Q3,” disclosed Rumble CEO, in conversation with Blockworks.

“Our goal is to make it the most prominent non-custodial bitcoin and stablecoin wallet, powering the creator economy. We will launch it broadly in the U.S. and expand it to support other currencies and regions.”

This wallet, a direct competitor to Coinbase, is a key part of Tether’s $775 million investment in Rumble. The funding will allow Rumble to introduce its platform into the cryptocurrency market.

The wallet gives users complete control over their assets and permits creators to monetize outside of the conventional advertising format.

“The main benefit is for creators to retain economic freedom and not depend on the classic ad revenue trends,” explained the CEO.

This shift is timely because firms such as Meta are looking into stablecoin payments for creators, foreshadowing decentralized financial solutions.

"We aim to capitalize on this trend by giving users more control over their earnings."

The use of mobile crypto wallets is growing, with Coinbase reporting 36 million active users in Q4.

However, Coinbase dominates the market with over 120 million registered users, which Rumble hopes to attract via a creator-centered approach.

The firm believes that its decentralized wallet will differentiate it from the competition and allow users more autonomy.

Growing Crypto Reserves at Rumble

Rumble is also making strategic moves to grow its crypto reserves. In March, the company acquired 188 BTC, increasing its holdings to 210 BTC.

This is part of Rumble’s diversification strategy and an effort to align with the broader Bitcoin adoption trends seen among companies and governments.

Rumble has shown phenomenal financial growth, reporting revenue of $23.7 million for Q1, reflecting a 34% year-over-year growth.

Despite a marginal drop in the monthly active users to 59 million, it dropped from 68 million in Q4.

Rumble’s revenue growth resonates well with a robust performance of subscriptions and advertisements.

Despite challenges in user growth, Rumble’s stock has experienced mild growth, up by 2.37% to $7.78 after-hours trading. However, its performance this year is still down by 40%. The company is keen to launch Rumble Wallet to solidify its standing in the competitive crypto industry. The post Rumble Plans to Counter Coinbase with Non-Custodial Crypto Wallet in Q3 appeared first on Coin Edition.