Ramp Network has launched a multichain self-custodial wallet. It integrates on-ramp, off-ramp, and cross-chain functions directly into a single app. The goal? Eliminate the need to bounce between multiple third-party services.
The wallet initially supports Ether across eight networks. That includes Ethereum, Arbitrum, Base, and Optimism. The company plans to expand to Bitcoin, Solana, and other major chains.
The new wallet uses USDC on Base as its core transactional balance. That covers transfers and payments. Assets stay in self-custody through passkey security and optional key export. Ramp consolidates buying, selling, swapping, and cash-out capabilities within one platform. It’s reducing intermediaries. Not adding them.
“Launching a wallet requires additional regulatory approvals, expected in the coming months,” said Przemek Kowalczyk, CEO of Ramp Network. He’s referring to the product’s planned EU rollout.
The wallet’s available globally at launch. It excludes the European Union for now. Ramp’s already registered as a Crypto Asset Service Provider under the EU’s Markets in Crypto-Assets (MiCA) framework. But wallet offerings require separate regulatory clearance in the bloc.
The move marks a strategic shift for Ramp. The company has historically operated as infrastructure powering purchases within partner wallets. Think MetaMask and Trust Wallet. Those integrations serve over 10 million users. Now Ramp’s competing directly with established self-custodial wallets. MetaMask. Phantom. Best Wallet. Exodus. Many of these have embedded decentralized exchange and purchase features in recent years.
Ramp’s launch network list includes Ethereum, Arbitrum, Base, Linea, MegaETH, Optimism, Polygon zkEVM, and zkSync Era. The company plans to add Bitcoin, Solana, Binance Smart Chain, Polygon, Apechain, Avalanche, Celo, and Gnosis. That’ll broaden its multichain coverage.
The wallet targets one of crypto’s persistent usability problems: fragmented user flows. People juggle separate apps for buying crypto, bridging between chains, and converting back to fiat. It’s a mess.
Ramp’s integrated approach could reshape expectations for non-custodial wallet design. It offers smoother execution without sacrificing user ownership of private keys. The EU approval timeline will test whether Ramp’s model can navigate the stricter compliance environment emerging under MiCA. Can it maintain the streamlined user experience it promises? We’ll see.
