Rumble Challenges Coinbase with Upcoming Crypto Wallet Launch in Q3 2025

Rumble, led by its pro-crypto CEO, is making a bold entry into the digital asset management space with its upcoming "Rumble Wallet," set to launch in Q3 2025. Developed in partnership with Tether, the wallet will support Bitcoin and stablecoins, directly competing with Coinbase Wallet. This move highlights Rumble’s focus on simplicity, security, and financial sovereignty as it aims to capture a share of the growing cryptocurrency market.

Rumble Set to Challenge Coinbase with New Crypto Wallet

Rumble, under its pro-crypto CEO, is making a strategic leap into digital asset management with the planned Q3 launch of its "Rumble Wallet." Developed in collaboration with Tether, the wallet will support Bitcoin and stablecoins, positioning itself as a direct competitor to Coinbase Wallet.

The initiative underscores Rumble’s commitment to simplicity, security, and financial sovereignty—a calculated MOVE to capture market share from established players. By leveraging Tether’s infrastructure, the company aims to offer a frictionless alternative for retail and institutional users alike.

Coinbase Misses Q1 2025 Revenue Amid Bitcoin Surge

Coinbase fell short of Wall Street expectations in Q1 2025, reporting $2.03 billion in revenue against forecasts of $2.2 billion. The disappointing performance comes despite Bitcoin’s rally toward $100,000, highlighting a disconnect between crypto market momentum and exchange earnings.

Transaction revenue declined as macroeconomic uncertainty and cautious retail sentiment weighed on trading activity. The slowdown in spot trading prompted Coinbase to aggressively expand into derivatives through a $2.9 billion acquisition of Deribit, signaling a strategic pivot as competition intensifies.