Rumble Challenges Coinbase with Upcoming Non-Custodial Bitcoin Wallet Launch in Q3 2025

Rumble, the video-sharing platform, is stepping into the cryptocurrency space with the announcement of a non-custodial Bitcoin wallet set to launch in Q3 2025. Partnering with Tether, the wallet aims to compete directly with Coinbase by offering a creator-focused solution.

Rumble to Launch Non-Custodial Bitcoin Wallet in Q3, Challenging Coinbase

Rumble, the video-sharing platform known for its support of alternative media, is set to launch a non-custodial Bitcoin wallet by the third quarter of this year. CEO Chris Pavlovski announced the development on May 9, positioning the wallet as a tool tailored for creators and a direct competitor to Coinbase.

The wallet, developed in partnership with stablecoin issuer Tether, aims to become a leading solution for bitcoin and stablecoin storage while enhancing monetization opportunities for content creators. Pavlovski emphasized Rumble’s ambition to dominate the non-custodial wallet space, stating, "Rumble Wallet, in partnership with Tether, will directly compete with Coinbase."

The MOVE signals Rumble’s strategic push into the cryptocurrency sector, leveraging its existing platform to integrate financial tools for creators. The wallet’s launch could disrupt the current market dynamics, offering a decentralized alternative to established custodial services.

Coinbase’s Q1 Earnings Miss and Deribit Acquisition Draw Mixed Wall Street Reactions

Coinbase’s first-quarter earnings fell short of expectations, with revenue dropping 12% sequentially to $2.03 billion. Transaction revenue declined nearly 19% to $1.3 billion, reflecting softer crypto market conditions. Analysts offered divergent views on the exchange’s performance, balancing near-term headwinds against long-term strategic positioning.

Barclays maintained an "equal weight" rating, noting Coinbase’s trading share gains in spot and futures markets despite the earnings miss. The $2.9 billion Deribit acquisition adds complexity to the narrative, with some analysts viewing it as a bold bet on crypto derivatives growth.