We built the Blockchain Wallet because weâre driven by a relentless passion for making crypto easy to use. We want everyone to be able to use it, not just invest in it.
We believe that owning and controlling your own private key is the single most important aspect of using crypto. Without a private key, you arenât using crypto – youâre just speculating and youâre missing the defining part of crypto: user controlled, sovereign money.
It was enabling that exact need that underpinned the development of the Blockchain Wallet six years ago. The mission? Make it easy for every user to have their own private key, to get users away from storing funds at exchanges and âbitcoin banksâ, and to enable everyone to be their own bank.
Fast forward six years and weâve achieved a few things that weâre proud of:
- Building the first cross-platform, non-custodial, and cross-chain wallet
- Signing up 30 million wallets in 140 countries globally
- Powering over $200 billion in consumer transaction volume and over 80 million consumer crypto transactions in the last two years alone
- Championing the cause of financial sovereignty and user-control with regulators around the world. (Weâve spent thousands of hours and millions on education and outreach.)
- Helping our users store millions of BTC, BCH & ETH coins and generate over a quarter of bitcoin network traffic alone
Most importantly, itâs been a honor and privilege to be the first place tens of millions of people turn in order to actually use crypto and hold their own keys.
But thereâs a lot still to do.
At the end of the last bull run, we did a serious self-assessment and asked ourselves, what do users need that we arenât delivering today? We identified four common requests and frustrations:
- Better, faster ways for new users to get their first crypto and make their first transaction
- More storage types, like hardware, as usersâ balances increased
- More assets as users want to store and use an increasingly diverse asset set
- Better, more reliable sources of liquidity as trading and investing across assets continues to increase
Satisfying these demands meant building a huge extension of our platform, at scale. Weâve had our heads down much of this year doing exactly that and starting today weâre excited to begin delivering new solutions to you, beginning with two new capabilities.
First, weâre launching Swap by Blockchain: a next generation trading product with best-in-class liquidity and execution, powered by our new machine trading software platform that ensures best execution across assets. Blockchain Wallet users will now have access to exchange-like prices without giving up control of their keys or their crypto. And trade limits will increase from hundreds to thousands of dollars of crypto per trade.
While the system currently has deep liquidity drawn from a variety of sources, we plan to add more liquidity sources over time, including decentralized exchange protocols. Weâve rebuilt our risk and KYC systems, so that you can onboard with ease, in minutes. Swap ensures our users stay liquid and can trade at the best prices in the market, regardless of overall market volatility and challenges. Weâve started rolling Swap out today and everyone will have access over the next two weeks.
Secondly, weâre launching Lockbox: a hardware vault in your pocket, built in partnership with hardware leader Ledger. Lockbox is simple to use and is even more secure thanks to a locked endpoint that prevents phishing and spoofing attacks. Itâs hardware made easy, with a setup that takes just a few moments thanks to our custom hardware-software integration.
With Lockbox youâre able to check your balance and receive transactions, on mobile and web, without the inconvenience of having to plug your device in every time. In an industry first, youâll also be able to trade directly from your Lockbox while still maintaining your keys. In conjunction with Lockbox, weâre also excited to let current Ledger device owners seamlessly pair with the Blockchain Wallet and trade directly from the Ledger device they already own.
And we have more coming this year, including additional assets and new products within the Blockchain Wallet that will bring you new, faster, and better ways to get started in crypto.
Weâre here to build a new financial system and the Blockchain Wallet is your passport to that new world. Store crypto, trade crypto, transact with crypto and most importantly truly own and control your crypto.
Weâre dedicated to building the functionality you want, without compromising your control of your key. Your crypto is yours, and it should stay that way.