Rumble, the video-sharing platform, has announced plans to launch its own crypto wallet, which is set to debut in the third quarter of 2025. This move poses a challenge to major players like Coinbase Wallet in the mobile crypto wallet sector.
Plans for Rumble Wallet
Rumble's CEO Chris Pavlovski revealed the wallet development in a post on X. The upcoming 'Rumble Wallet' will be positioned as a non-custodial alternative, aimed at providing creators with additional monetization tools, particularly in underserved international markets.
Partnership with Tether
Rumble is building a growing relationship with Tether, which invested $775 million in the platform in December 2024. Pavlovski hinted that the wallet may also support Tether Gold (XAUT). Earlier this March, Rumble introduced its digital wallet to enhance creator monetization with support from stablecoin giant Tether.
Rumble's Q1 2025 Financial Results
Rumble's financial results for Q1 2025 show strong growth with revenue of $23.7 million, a 34% year-over-year increase. The company reported a net loss of $2.7 million, significantly reduced from a $43 million loss in Q1 2024. Despite a decline in monthly active users, Rumble attributes revenue growth to increased subscription adoption and improved monetization in video and advertising.
Rumble's plans to launch a non-custodial wallet highlight its ambitions within the crypto space and demonstrate a growing interest in alternative solutions for content creation and monetization.
