Rumble to Launch Bitcoin and Stablecoin Wallet in Q3, Aims to Compete with Coinbase
According to a report from Cointelegraph, Rumble, a video streaming platform, is set to launch its Bitcoin and stablecoin wallet in the third quarter of this year. The wallet, which will be launched in partnership with stablecoin issuer Tether, aims to give Coinbase Wallet a run for its money.
In a May 9 X post, Rumble’s pro-crypto founder and CEO, Chris Pavlovski, confirmed the launch of the Rumble Wallet, stating that the company’s goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy. As Cointelegraph reported, Pavlovski added that the Rumble Wallet will be the "vehicle to help monetize creators better than most advertisers, especially in international markets."
The Rumble Wallet is expected to support Tether Gold (XAUT) and will be launched in a crowded crypto wallet application market dominated by Coinbase, Robinhood, eToro, PayPal, Revolut, Crypto.com, and MetaMask. According to Cointelegraph, the use of mobile crypto wallets hit an all-time high of 36 million in Q4 2024, as reported by Coinbase.
Rumble has also joined the ranks of Michael Saylor’s Strategy in becoming a Bitcoin acquisition company since March, when it made its first purchase of 188 BTC. As cited by Cointelegraph, the firm currently holds 210 BTC, worth almost $22 million at current market prices.
In a recent financial report, Rumble beat estimates with its Q1 revenue. The firm reported a net loss of $2.7 million for the first quarter, which significantly improved over the $43 million loss in Q1 2024. As Cointelegraph noted, Rumble’s revenue was $23.7 million, exceeding estimates by 2.8% (and up from $17.7 million year-over-year).
Rumble’s CEO, Chris Pavlovski, stated, "Rumble reported strong first-quarter 2025 results, highlighted by 34% year-over-year revenue growth to $23.7 million, driven by increased subscription revenue and monetization across our video and advertising platforms." As reported by Cointelegraph, Rumble shares (RUM) gained 2.37% on the day to reach $7.78 in after-hours trading.
The launch of the Rumble Wallet marks a significant move for the company, which was founded in late 2013 as a YouTube alternative for small content creators. As Cointelegraph previously reported, Tether invested $775 million in Rumble in December 2024. With the Rumble Wallet, the company aims to provide creators with a secure and efficient way to monetize their content.
The development of the Rumble Wallet is a strategic move for the company, as it seeks to expand its offerings and provide more value to its creators. As Cointelegraph noted, the Rumble Wallet will be a non-custodial wallet, giving users control over their private keys and allowing them to manage their funds directly.
Overall, the launch of the Rumble Wallet marks an exciting development for the company and the wider cryptocurrency market. With its focus on creator economy and monetization, Rumble is well-positioned to make a significant impact in the industry. As reported by Cointelegraph, the company’s commitment to providing innovative solutions for creators and users alike is evident in its latest move.
