The founder of Rumble Pro-Crypto and CEO confirmed that the company will launch the Bitcoin and Stablecoin portfolio in the third quarter of this year, which aims to grant Coinbase a tour of its money.
The Rumble Wallet will be launched in partnership with Tether Stablecoin Tether and compete directly with Coinbase, Chris Pavlovski He said In the May 9 publication.
He added: “Our goal is to become the most prominent non -guardian and Stablecoin portfolio, which occupies the economy of the Creator.”
Continue state The Rumble Wallet will be “a way to help in liquefying creators better than most advertisers, especially in international markets”, although it has not provided further details other than it might support Tether Gold (Xaut) as well.
The video flow platform, which was founded in late 2013 as an alternative to YouTube for young content, first Declare Cord launch (USDT) A wallet for creators in March. pregnancy Invest 775 million dollars In Demadmah in December 2024.
Related to: Tether is launched on KAIA, brings USDT to the 196M ecosystem in Line
Bitcoin Dammamah (BTCWallet enters the Coinbase, RobinHood, Etoro, PayPal, Drocileut, Crypto.com and Metamask.
The mobile coding portfolio struck the highest level ever 36 million In Q4, 2024, according to Coinbase. The company, which Pavlovsky aims to compete with, has reported more than 100 million registered users in 2024, nearly a doubling of the Rumble video platform.
Rumble has also joined Michael Silor strategy to become a Bitcoin stability company since March, when I made it The first purchase From 188 BTC. The company currently owns 210 BTC, at a value of approximately $ 22 million at current market prices.
Rumble Q1 Revenue Bet ettes
Company I mentioned A net loss of $ 2.7 million for the first quarter on May 8. However, this greatly improved the loss of $ 43 million in the first quarter of 2024.
In addition, the GAAP loss (generally accepted accounting principles) was $ 0.01 per share 90 % higher than analysts’ consensus estimates.
Rumble’s revenues amounted to $ 23.7 million, estimating estimates by 2.8 % (and an increase of $ 17.7 million on an annual basis. The company also told 59 million users per month, a decrease of 68 million users in the fourth quarter of 2024.
“Rumble reported strong results in the first quarter of 2025, which was highlighted due to the growth of revenue on an annual basis by 34 % to 23.7 million dollars, driven by increasing subscription revenues and losing them via our video and advertising platforms,” said Pavlovsky.
Rumble (ROM) shares have gained 2.37 % a day to reach $ 7.78 in trading after working hours, According to To Google Finance. However, the shares of the company have lost 40 % a year so far.
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