Apr 21, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — Trump wants to fire Powell? 

US president Donald Trump is actively considering firing Federal Reserve Chairman Jerome Powell, following Trump's public criticism of Powell for not moving quickly enough to reduce interest rates. National Economic Council Director Kevin Hassett confirmed that the administration is examining this option, suggesting that Powell's actions have politically favored Democrats. Hassett argued that the Federal Reserve's decision to raise interest rates shortly after Trump took office was intended to undermine the economic impact of the tax cuts implemented during his administration, which were deemed inflationary. He further criticized the Fed for not addressing inflation concerns stemming from federal spending under President Biden, implying a lack of accountability.

During a recent press conference, Trump conveyed his dissatisfaction with Powell, asserting that if he wanted to remove him, it could happen "real fast." While he did not explicitly state his intention to dismiss Powell, his remarks highlighted the growing tensions between the White House and the Federal Reserve regarding monetary policy. Hassett defended Trump's frustrations, advocating for a focus on economic policy rather than interpersonal conflicts. This situation underscores the complex dynamics between the executive branch and the central bank, as Trump navigates economic challenges leading up to the next election.

Weekly crypto highlight — XRP ETF coming

HashKey Capital has officially launched the HashKey XRP Tracker Fund, marking the first investment fund in Asia designed specifically to track the performance of XRP, the digital asset integral to Ripple's global payment ecosystem. This fund is aimed at professional investors and offers a unique opportunity to gain exposure to XRP without the complexities of direct asset management. Investors can subscribe through cash and in-kind options, with the fund providing monthly liquidity.

Ripple, as an early backer of the fund, is looking to enhance its strategic partnership with HashKey Capital, which already manages Hong Kong–listed spot ETFs for Bitcoin and Ethereum. This collaboration not only solidifies Ripple's presence in the Asian market, but also opens avenues for future financial products, such as the potential tokenization of a money market fund on the XRP Ledger. Fiona Murray, Ripple's Managing Director for the Asia-Pacific region, highlighted that this partnership is part of a broader strategy to introduce more regulated cryptocurrency products for institutional investors in the region, aiming to foster a more robust crypto landscape in Asia.

Advanced

21 Apr 2025 weekly newsletter.png

Weekly Institutional Insights: Trump’s desire to fire Powell might induce volatility; XRP ETF coming

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards.

Daily top performer — Pyth Network (PYTH)

The S&P 500 dropped 1.5% to 5,282.70 this week, down 5.9% in April and 10% year-to-date, led by tech losses. Real estate and energy outperformed, while political pressure on Fed Chair Powell and inflation concerns weighed on sentiment. Gold dipped 0.6% to $3,319 after a record high, as Powell’s stagflation warning tempered its rally. Despite the pullback, the uptrend remains intact. The Coindesk Indices, which tracks the broader crypto market, are up by 0.77%, with Bitcoin and Ether rising 0.64% and 0.72%, respectively, over the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is PYTH, up 10.1%, following the launch of Pyth Entropy for secure on-chain random number generation by Soneium.

Pyth Network (PYTH),  is a blockchain oracle system that delivers real-time crypto price data to blockchains, enabling smart contracts to react to market changes. Soneium 

 Pyth Entropy, a tool for securely generating random numbers on-chain. Two apps, HandsNFT AI and 2p2e, are already utilizing Pyth Entropy to create unpredictable and engaging experiences.

Check out the latest prices, charts, and data of 

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards. This approval follows recent changes to local laws, with China Asset Management (ChinaAMC) partnering with OSL Digital Securities to launch the ETF by May 15. The ETF will offer exposure to Ethereum staking, transforming it from a passive investment into an active participant in the Ethereum network. The staking process is powered by Kiln, with OSL providing custody and insurance services. The rewards will contribute to the ETF's net asset value, benefiting shareholders.

Yesterday, Bitcoin spot ETFs saw $25.9M in inflows, all from non-GBTC funds, while GBTC recorded no flow.

" and a points campaign called Drops, where users can earn points—potentially leading to an airdrop—by engaging with Linera content on X. To join, sign up on 

, complete tasks like joining Discord and interacting on X, then enter the campaign. Keep engaging to earn more points, but avoid spamming.

Beginner

1.png

Hong Kong approves Ethereum ETF with staking rewards, boosting institutional participation

Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

US president Donald Trump’s tariff policies are influencing both crypto and US equities. Last week, BTC and the S&P 500 rallied due to a 90-day pause in reciprocal tariffs (excluding China). Equities are slightly below their April 9 highs, while BTC is holding above $83K. Its implied volatility term structure has normalized, and the volatility skew has improved from last week’s bias toward out-of-the-money puts, though it hasn't fully shifted toward calls.

Please check out the report’s highlights.

Tariff pause briefly brings back trading volume

Since our last report, open interest surged on Apr 9, 2025, as crypto spot prices rose after President Trump’s temporary tariff pause, accompanied by a nearly $10B increase in trade volumes. However, trade volumes have since returned to mid-March levels, and open interest has declined from the April 9 highs. The initial price spike indicates the tariff pause surprised the markets, but the subsequent pullback reflects concerns over remaining tariffs.

After being inverted for much of April due to trade policy shocks and macro headwinds, BTC’s term structure has disinverted, with front-end volatility dropping significantly this week. Call and put volumes have been balanced, with calls slightly exceeding puts most days. Apr 9, 2025, reflected mixed market sentiment, as both call and put volumes rose, but puts were higher overall. Open interest remains greater in calls, and has increased slightly since last week, reaching its highest level for the month (more than double from the beginning of April).

Despite a rally on Apr 9, 2025 that brought ETH close to $1.7K, traders sought downside protection, leading to higher volumes in put contracts as compared to calls. Since then, ETHUSDT options volumes have declined, but open interest remains strongly weighted toward calls with later expirations, which have increased since last week. After being inverted for much of April, ETH’s term structure of volatility has flattened, with volatility compressing around the 70% mark across tenors.

block-scholes-x-bybit-report.jpeg

Bybit X Block Scholes crypto derivatives analytics report (Apr 16, 2025): Bitcoin put bias has moderated, but not yet shifted to calls

KiloEx (KILO) is a user-friendly DEX for perpetuals trading, offering high leverage, rewards, LSTfi integration and a robust multi-chain ecosystem.

 trading is one of the most lucrative areas for cryptocurrency enthusiasts if you know how to navigate the sometimes complex world of these contracts. Unlike standard futures, perpetual futures contracts have no expiration date, allowing traders to hold onto their positions as long as they prefer. You only exit a crypto perpetual (or “perp”) contract when you feel it’s the best time to execute your long or short trade. The lack of an expiration period makes these contracts attractive for traders.

Unfortunately, many crypto perpetual contract trading platforms are far from user-friendly. It seems like many perpetual crypto exchanges assume that only professional traders dabble in these contracts, and along with that assumption goes a second one — that these pros can navigate even the most complex user interfaces. As a result, finding a user-friendly perps platform is a challenge in the world of crypto trading.

 (DEX) that aims to change the status quo by providing a user-friendly environment for traders. Its platform also offers high leverage ratios, integration into the wider liquid staking token finance (LSTfi) ecosystem and generous reward programs for referrers and affiliates.

Thanks to its numerous benefits, this DEX caters to the needs of traders at all levels of expertise who are interested in crypto perpetuals. Operational since mid-2023, KiloEx launched its native token, KILO, in March 2025 to further enhance its platform's reward, staking and governance mechanisms.

 (BNB) that specializes in crypto perpetual futures trading.

 The platform prides itself on offering a user-friendly interface, high 

 ratios of up to 100x, multi-token vaults with generous APYs and a number of reward programs for referrers and affiliates.

Co-founded by Joey Ni (CEO) and Charles Gong (COO), KiloEx was originally launched on BNB Chain's mainnet in June 2023. As of mid-April 2025, the platform has additionally expanded its service coverage to five 

 (B2). This coverage allows KiloEx to access the ecosystems of three leading blockchain platforms — 

Manta, Base and Taiko are Ethereum-focused Layer 2 solutions, while opBNB is an efficient and low-cost optimistic rollup for the BNB Chain, while B

 is a platform linked to Bitcoin that acts as a major Bitcoin DeFi (BTCFi) enabler.

Because it’s a BNB-native platform, KiloEx's industry footprint is most notable within this blockchain's broader ecosystem. In fact, as Apr 17, 2025, KiloEx is the top DEX on the opBNB network by 

Using Layer 2 chains allows KiloEx to offer its users fast and low-cost transactions, which isn't always possible on a typical Layer 1 network. It's true that BNB Chain, the primary Layer 1 used by KiloEx, generally has much lower gas fees than Ethereum, the industry's leading 

 chain that’s notorious for its exorbitant costs. However, KiloEx's partner Layer 2 networks help drive costs and transaction times even lower. BNB Chain's current average gas fee is slightly over $0.10, while the opBNB Layer 2 rollup's comparable fee is only about $0.005.

In 2024, the platform introduced one of its most innovative features — the 

, which allows liquidity providers to stake multiple assets to earn high yields. That same year, KiloEx significantly expanded its partnership network, becoming an active player in the LSTFi ecosystem. LSTFi is a new stream within the DeFi industry that allows you to use 

 (LSTs) on various protocols for additional yield.

Having solidified its market presence in 2024, the project launched its native token, KILO, in March 2025. However, in mid-April 2025, KiloEx 

 and halted trading on April 15 as a risk management measure, pending investigation of the damage.

The Hybrid Vault is among the most innovative features offered by KiloEx. Essentially, it acts similarly to liquidity pools on other exchanges. Liquidity providers can contribute their crypto funds to the vault to support trading activity on the DEX and earn interest on their contributions, based on the fees earned by the protocol.

You can contribute a mix of coins to a KiloEx vault. Supported assets include 

Depending upon trading activity and the mix of coins contributed, you can earn APYs as high as 30%, making KiloEx one of the most lucrative choices for liquidity providers in this niche.

KiloEx uses a health factor calculation for this type of vault to keep your funds and the entire ecosystem safe. Based on the health factor score of your contribution to the vault, your funds could be liquidated if their value drops dangerously low.

Discounts are also offered for fixed-term deposits for established assets, such as USDT and USDC. Withdrawals for the fixed deposits are processed upon maturity, while all other withdrawals are processed within one to three "epochs," with each epoch on the platform lasting about three days. Thus, depending upon your contributed funds, you’ll wait anywhere from three to nine days to receive your crypto back.

The KiloEx platform also runs a generous referral program under which you can earn rewards for referring your friends to the platform. The amount you earn depends upon the trading volumes generated by the people whom you’ve referred. Additionally, your referees to the DEX can also benefit from fee rebates, again depending upon the volume of trade they generate.

There’s a tiered system, comprising nine levels, based on which you and your friends earn commissions and rebates. Under this system, even those referred traders whose monthly volume is at the lowest level (below $5,000) can still benefit from 5% rebates, while you also earn a 10% commission.

The table below shows the structure of this referral system with percentages for commission and rebates based on monthly trading volumes.

KiloEx offers an affiliate program for key opinion leaders (KOLs) with a certain level of social media following and influence in the crypto market. KOLs may apply to join the program by filling out an application, which is then considered by the project team within 48 hours.

To qualify for affiliate status, a KOL must have: 

Approved affiliates are provided a link to the platform, and are encouraged to invite their followers to trade on the KiloEx. If they invite at least five followers who trade at sufficient levels, the affiliates can start earning their commission. KOLs can earn up to 55% commission, depending upon the referred followers' trading activity.

KiloEx’s native utility token, KILO, is a 

 asset launched on BNB Chain. It’s used on the platform for governance, fee discounts on trades, rewards via 

, liquidity provision incentives and staking.

KILO is a supply-capped asset, with a maximum and total supply of 1 billion. The token’s supply allocation shares are shown in the chart below.

xKILO is an escrowed version of the KILO token. You can convert KILO to xKILO at a fixed rate of 1:1. The primary utility of xKILO is to provide boosted liquidity provision, which makes it possible to receive staking rewards. By locking xKILO on the platform, you can access special discounts and other benefits reserved for VIP-level users. Holding xKILO also grants you governance power to vote and influence the platform's future direction.

Unlike KILO, xKILO is nontransferable and isn’t tradable on the secondary market. The only ways to obtain xKILO are either to buy it with KILO or receive it via airdrops.

Platform users can earn points to qualify for KILO airdrops. Typically, you accumulate points by trading, depositing funds, referring others to the DEX, checking in to the platform and completing other specified eligible activities.

The project’s initial airdrop, Genesis Season, had an eligibility snapshot taken back in July 2024. Under the currently running airdrop campaign, Pioneer Season, users can earn points to receive KILO tokens for 180 days past the token generation event (TGE) in late March 2025 (i.e., until late September 2025).

Additionally, you can earn KILO tokens on Bybit simply by participating in the 

 event and holding BNB in your account. Every day at various random times, Bybit will take snapshots of your BNB holdings in your Funding and Unified Trading Accounts to calculate the number of KILO tokens you’re eligible for. The campaign will run through Apr 25, 2025, 11:59PM UTC, and you’ll have your share of KILO airdropped seven days after this date.

 market as a swap pair with USDT. If you don't have a Bybit account, you can easily 

, and access opportunities across hundreds of trading pairs and crypto products on the exchange's Spot and Derivatives markets.

As of Apr 17, 2025, the KILO token is trading at $0.039, which is 76.2% lower than its ATH of $0.1648 on Mar 27, 2025, and 17.3% higher than its ATL of $0.03344 on Apr 12, 2025.

Long-term price forecasts for KILO are mostly bullish. CoinCodex 

 at $0.0387 in 2027 and then rise to $0.135 in 2030 while PricePredictions 

When it comes to perpetuals trading, both traditional 

 (CEXs) and DEXs have often struggled to offer an intuitive trading experience. In contrast, KiloEx has made user-friendliness a cornerstone of its operations. With KiloEx, you can enjoy a streamlined trading process, access market trends info for thorough research, get an overview of the cryptocurrency market and conduct other activities via an interface that’s designed for anyone, irrespective of their familiarity with decentralized trading.

The platform also boasts a diverse range of other benefits not easily found in the world of perpetuals-based cryptocurrency trading — generous leveraged trading options, trading fee discounts, lightning-fast trades, low trading fees and an innovative Hybrid Vault system. Many of these benefits are thanks to KiloEx's collaboration with several Layer 2 decentralized platforms, which provide the technical infrastructure to enable low costs and fast order processing.

If you’re a crypto perpetuals enthusiast, KiloEx is definitely a platform to peruse.

Intermediate

KiloEx.png

KiloEx (KILO): More than a DEX — a rewarding ecosystem

Bybit Learn

web3

Crypto

Undecided on what wallet you should get for crypto storage? Here are the best WalletConnect compatible wallets to get with extra security for transactions.

2401-T16454_Skinny_Banner_for_Blog_and_Learn_Row_53_728x90.png

Skinny_Banner-1600x400.webp

 (DApps). People who want to add extra layers of security to their transactions can benefit from using WalletConnect-compatible wallets for crypto storage. This guide will touch on WalletConnect, DApps, crypto wallets and some of the best WalletConnect-compatible wallets for 2024.

WalletConnect is an open-source protocol, founded in 2018, which uses deep links or QR codes to connect wallets and decentralized applications that are compatible with it.

Although WalletConnect is often mislabeled as an application, it isn’t one — contrary to popular belief. Rather, it’s a protocol which uses a shared key between peers to create an encrypted connection for devices, 

As of mid-2024, the protocol is compatible with over 500 crypto wallets, and even more applications. Some of the most common WalletConnect-compatible wallets include 

One key purpose for using the protocol with WalletConnect-compatible wallets is creating a more reliable connection. The protocol helps solve past accessibility issues, which often required people to install multiple browser extensions, or create new crypto wallets and transfer funds to access certain DApps. 

 — decentralized applications — exist on a 

. These digital applications aren’t controlled by any single authority, and may be developed for social media, finance, gaming or other purposes. 

 blockchain. Some of the reasons why developers create DApps include fewer censorship risks, enhanced user privacy and development flexibility. However, DApps also present scalability issues, and modifying code can present challenges.

 is an application that people use to access and store crypto assets they own. Similar to a tangible wallet that holds cards and cash, a crypto wallet is a digital variant that keeps passkeys for different assets. These passkeys are necessary for making transactions. In the past, crypto transactions required manually entering long keys. However, today crypto wallet applications handle the complexities of crypto transactions.

Crypto wallets also have public keys, which are addresses that people can see to ensure that they’re making a transaction with the correct party. However, only the holders of crypto wallets can see their own private keys for transactions.

WalletConnect has recently expanded its product suite to further enhance user experiences with 

, a concept that emphasizes user control, choice and composability. This expansion includes the introduction of 

, two innovative frameworks designed to streamline and secure interactions between wallets and applications.

AppKit offers a comprehensive set of tools for application developers, facilitating easier integration and better user interfaces. This SDK 

, such as React, Vue and Svelte, and allows for the creation of customized user interfaces with options for light and dark modes. Key features include EIP-6963 compliance, email wallet connections, fiat-to-crypto transactions via Onramp and a multi-chain setup that’s compatible with hundreds of wallets like MetaMask and Coinbase. Additionally, AppKit provides a transaction history view that enhances user transparency and trust.

WalletKit is designed to empower wallet developers with features that prioritize security and seamless connectivity. It includes a Sign API that enables DApps to request users to sign transactions or messages directly, 

 that simplifies the verification of wallet address ownership. WalletKit’s chain-agnostic design ensures that developers can support multiple blockchains efficiently, which is vital for creating flexible and resilient applications.

Together, these products not only enhance the functionality of WalletConnect but also align with the platform’s mission to be the UX platform for the new internet, ushering in an era where digital ownership and decentralized technologies are accessible, secure and user-friendly.

WalletConnect makes it possible to enhance security for transactions without revealing the personal information of any parties involved. In comparison with browser extensions, this protocol is much more private, and is also a lot safer. 

Best WalletConnect-Compatible Wallets for Crypto Storage

WalletConnect offers a versatile and seamless integration platform for developers, enabling connections to over 6,000 applications across 150 blockchain networks. This tool is designed to enhance user experience significantly by incorporating advanced features related to authentication, security and beyond. With compatibility across multiple programming languages — including JavaScript, React Native, Swift, Kotlin, Flutter and C# — WalletConnect provides a robust framework for developers who want to innovate and optimize their blockchain applications efficiently. 

Although most crypto wallet apps are free to download and use, there are other fees that are included when making transactions. Crypto wallet users may have to pay service fees, platform fees, and blockchain 

Wallet creators don’t receive these gas fees, and have no control over their fluctuation. However, wallets typically allow users to set a variable or tiered transaction fee, which usually corresponds with the speed needed for a transaction. For example, setting a higher fee means that there will be a faster processing speed. On the contrary, people may set lower fees for non-urgent transactions. Of course, processing fees may also depend on the different third-party processors for wallet providers who use third parties. 

If you’re looking to create a new wallet, the following are the best WalletConnect-compatible wallets you can use.

Bybit Web3 Wallet is an exceptional choice for users seeking a wallet that’s versatile, comprehensive and WalletConnect-compatible. Ideal for those who desire robust features and extensive cryptocurrency management, Bybit Web3 Wallet caters to a wide range of crypto enthusiasts, and supports over 1 million cryptocurrencies.

Bybit Web3 Wallet is compatible with more than 30 blockchains, offering unparalleled flexibility and reach. It provides storage for 

 from Ethereum and other compatible blockchains, ensuring users can manage their digital collectibles with ease. The wallet's intuitive design and extensive support for various cryptocurrencies make it a user-friendly option for both novices and experienced traders.

Beyond basic storage and transactions, Bybit Web3 Wallet is packed with additional features. Users can 

 to earn crypto rewards, trade cryptocurrencies directly within the wallet and benefit from seamless integration with Bybit’s ecosystem. It supports multiple types of wallets, including Bybit Cloud Wallet, seed phrase wallets, keyless wallets and third-party wallets such as MetaMask.

Available for both desktop PCs and mobile devices, Bybit Web3 Wallet ensures users can access their assets anytime, anywhere. The app is designed to be secure and convenient, catering to the needs of a dynamic and fast-paced crypto environment, making it one of the best WalletConnect-compatible wallets on the market.

 is one of the best WalletConnect-compatible wallets for busy people who want one that does everything and manages a wide range of cryptocurrencies.

This crypto wallet supports over 1 million cryptocurrencies and is compatible with at least 50 blockchains. Also, the wallet can store NFTs from the Ethereum blockchains. The app has a user-friendly design and supports a wide range of cryptocurrencies. While many wallets exist only for crypto storage and transactions, Trust Wallet has other useful features that users like, such as staking, which allows users to earn crypto rewards. Users can buy and sell crypto within the crypto wallet.

According to Trust Wallet's website, the app is free to use for Apple or Android mobile devices. However, there are two potential drawbacks. First, the crypto wallet uses 

. This means that it stores everything online. As you might guess, offline or cold storage is more secure, as it’s less vulnerable to cyberattacks. And second, the wallet doesn’t have a browser extension or a 

 isn’t the best WalletConnect-compatible crypto wallet for beginners, but it is excellent for users who prefer maximum anonymity and only use Ethereum-based crypto.

MetaMask's hot wallet supports more than 450,000 cryptocurrencies on the Ethereum, Avalanche and Polygon chains. In addition to receiving or making crypto payments, users can buy and store 

 or NFTs and exchange cryptocurrencies. Users don’t have to include any personal information that makes them identifiable, and they can set up multiple addresses across blockchains for extra anonymity with their WalletConnect-compatible wallets.

This crypto wallet is free to use for crypto storage. According to its website, the

 the platform charges is 0.875%, which is automatically factored into every quote. This crypto wallet comes with some potential drawbacks, one of which is that there’s no option to reset a password. Additionally, only tokens based on the Ethereum chain are supported, which rules out storing your BItcoin on it.

 offers versatile features for both new and seasoned users, and it’s good for people who prefer cold storage.

According to the Ledger Live website, users can receive and send more than 5,500 cryptocurrencies through the app. Also, they can manage even more cryptocurrencies from external wallets. 

Ledger Live is the proprietary software that’s used for Ledger hardware cold wallets. There are three Ledger hardware options: Stax, Nano X and Nano S Plus. Users can compare the different features of these crypto wallet devices to select one for their needs.

These WalletConnect-compatible wallets feature high-level security with their chip cards. The devices are also less expensive than some other hardware wallets. In addition, it’s great that the keys are never accessible via the web.

While the app is free to use, there are a few potential drawbacks. The Nano wallets aren’t as mobile-friendly as some competing products. These external wallets range in price from about $79 to $179.

 is a hot-storage crypto wallet that’s great for users who have Ethereum-based assets and want a quick, one-stop place to manage them.

This crypto wallet is available for Android and Apple devices. Users can quickly send assets to 

 names instead of addresses; see transaction history; import seed phrases from other wallets; and manage DeFi tasks within the app. Another advantage to this crypto wallet is that users can 

 on iCloud for recovery — so that they don’t have to worry about losing access to the account.

Rainbow doesn’t charge users to store, send or gift assets with their WalletConnect-compatible wallets. For people who have digital assets that exist outside of the Ethereum blockchain, the main disadvantage is that Rainbow is for Ethereum assets only.

 is one of the better WalletConnect-compatible wallets for businesses, individuals and experienced users who prefer cold storage.

This crypto wallet uses open-source software and is available to Apple or Android users. Because the wallet uses cold storage for Ethereum coins, users have full control over their assets and can store information on their computers or external devices. The wallet's design makes swapping digital assets simple, without the need to use external exchanges or platforms.

This free-to-use crypto wallet lets users interact with DApps and smart contracts and manage NFTs. One disadvantage, however, is that it only supports Ethereum coins and assets from Ethereum-compatible chains — for example, Binance Smart Chain, Polygon and Ethereum Classic assets.

, a top crypto wallet for Ethereum and Bitcoin users who want affordable cold storage, features

 three main crypto hardware devices: the S1, S1 Pro and X1. These hardware wallets are sold online and priced around $49.99 to $89.99 as of July 2024. 

The SafePal app, which is available for Apple and Android, integrates with them and other DApps through WalletConnect. Users can store, trade and manage a wide range of compatible crypto assets. There’s a self-destruct feature that prevents malware attacks. This simple-to-use wallet is also great for beginners seeking WalletConnect-compatible wallets, as it doesn’t charge 

 is a feature-packed choice that’s great for beginners and users who have ERC-20 tokens or Ethereum assets.

This crypto hot wallet allows users to securely store their digital assets with multiple layers of security, and they can store private keys safely in it as well. The app is available for Apple and Android devices. By using platform services, users can also earn interest. Additionally, they can buy cryptocurrencies within the app using a credit card. Argent Wallet is free to use. One of the features people like most is that 

 lets users choose which currencies they want to use to pay gas fees.

Argent wallet doesn’t support non-Ethereum assets, and fees for credit card purchases can be high. There’s also no web-based interface, which some may consider a detriment. However, this shortcoming also helps reduce vulnerabilities.

 is one of the preferable WalletConnect-compatible wallets for users who want multi-chain storage with a high level of security.

This crypto wallet app is flexible and decentralized, supporting more than 100 digital assets including Bitcoin, Ethereum, Filecoin, Polkadot and Cosmos. It’s available for Apple and Android devices.

One major advantage for users is the ability to stake crypto within the app. There are mnemonic phrases, private keys, two-factor authentication (2FA) and other forms of security. Another advantage is that people can use Math Wallet for hot storage, or integrate with Ledger for cold storage.

Although there are typical transaction fees, it’s free to store digital assets and to use the crypto wallet. There are two potential drawbacks: Some users report multiple glitches, and customer support doesn’t seem to be helpful in fixing them. Also, some features may be slow to load.

 is one of the best WalletConnect-compatible wallets for both versatile storage of digital assets on multiple blockchains and quick network-changing abilities.

This crypto wallet allows Android and Apple users full control of their assets via a mobile app. According to the website, users can stake tokens to earn daily rewards. The crypto wallet provides hot storage that supports thousands of digital assets. Users can store tokens including ATOM, XTZ, DOT, CKB, BCH, FIL, TRX, KSM, LTC, EOS, ETH and BTC. 

Switching between networks is as simple as selecting options from a menu. There’s also offline signature security with cold storage in a 

 for $109. The imToken wallet is known for having 

 as low as 0.1% or $3 in some cases. Although users must pay gas for transactions, imToken added an inbuilt exchange on its platform to allow users to swap stablecoins and cryptos for free.

One potential disadvantage is that there’s currently no web or desktop version. The wallet doesn’t have as many secondary security measures as some other wallets. Also, some users complain that communications and/or parts of the site are difficult to understand because they’re poorly translated.

 is a good choice for new investors, or for people who want a simple-to-use wallet for storing a wide range of cryptocurrencies.

Unstoppable is one of the newer WalletConnect-compatible wallets available. Users can store Litecoin, Bitcoin, Ethereum, Zcash, Dash and many other ERC-20 tokens. This noncustodial wallet lets users add a layer of security by using touch ID or facial recognition to lock and unlock. Also, the crypto wallet supports migration with other popular wallets. There are real-time estimations for transaction fees with Ethereum and Bitcoin.

The crypto wallet itself is free to use, and allows free storage. Fees are flexible, and the

 is available for Android and Apple users. Its potential drawbacks are that it has neither a multi-signature feature nor two-factor authentication.

12. Safe (Previously Known as Gnosis Safe)

 (previously known as Gnosis Safe) is a good wallet for users with Ethereum assets only, and it’s ideal for people who want multi-signature security.

This crypto wallet has a simple design and lets users borrow, earn and invest crypto assets. Although many users who choose it prefer the desktop version, there’s a mobile app on the Google and Apple app stores. Safe supports ERC-20 tokens, 

 and ERC-721 collectibles. Users like this wallet's multiple layers of authentication and its multi-signature feature. According to the website, its platform also shows users fiat-equivalent values for their assets.

Safe allows users flexibility to connect with offline storage and use hot storage from the platform. However, there is a wallet deployment fee to use it. Currently, the fee is 0.005 ETH. Users can access a free demo before committing to the purchase. Another potential disadvantage with the Safe wallet is that it only supports Ethereum-based assets.

 (previously known as Steakwallet) is a top choice for staking AKT, CELO, ATOM and a wide range of other tokens.

OMNI currently supports most major Layer 1 blockchains and a significant number of Layer 2 blockchains. As such, it supports thousands of digital assets across chains such as Ethereum, Arbitrum, Solana, and Polygon. 

Users like the app's aesthetic design, simple staking features and importing options. The wallet allows easy importing from Phantom, MetaMask and more. Also, people can use one secret phrase across multiple chains, enjoy a noncustodial structure and even purchase crypto with a debit card.

OMNI is free to use for storing crypto. Users can download it from the Apple or Google stores. A potential disadvantage of the app is that some users report glitches, crashes and/or installation issues.

 is a good wallet for users who have a wide range of crypto assets and want the ability to swap or earn as well.

BitPay offers multi-signature security and optional key encryption for its noncustodial wallet. Users appreciate being able to easily manage assets across several platforms in one place. BitPay offers multi-factor security and allows splitting payment authorization across up to 12 devices. The app is available in the Google and Apple stores, and users have the option to turn their crypto assets into gift cards for popular stores or send them to a BitPay debit card.

One disadvantage is that network fees tend to be high for buying crypto assets. Also, the ID verification process eliminates full anonymity. However, the wallet is free to use, and it automatically converts cross-currency payments without fees.

 is a good wallet for people who prefer a self-custodial structure, instead of a noncustodial one, for Ethereum assets.

This wallet offers offline storage solutions, which makes it more secure than a typical hot wallet. Since it utilizes 

, users have advanced security. The open-source wallet is free to use. In addition to its desktop version, there is an app for both Android and Apple users. AlphaWallet supports all the popular Ethereum-based crypto tokens and NFTs. Users also like that they can tokenize business assets.

One potential disadvantage is that AlphaWallet isn’t a strong choice when it comes to exchanging tokens. Also, it only supports Ethereum assets. In addition, the network may be backed up or overloaded sometimes.

Yes, WalletConnect is safe to use. As it’s a protocol instead of an app, it’s more secure by nature. The protocol creates a connection between DApps and WalletConnect-compatible wallets with user approval only, and requires additional approval for transactions. 

Additionally, the protocol never reveals private keys to DApps. These factors make it a great choice for anyone who’s considering using it with WalletConnect-compatible wallets.

Using wallets that are compatible with the WalletConnect protocol provides a more secure way to interact with DApps and make transactions. For enhanced satisfaction, users should make sure they understand common fees that exist with every crypto transaction. Also, users concerned about losing access to crypto storage wallets that don’t offer recovery assistance outside of seed phrases should seek WalletConnect-compatible wallets with features that reduce this risk.

15 Best WalletConnect-Compatible Wallets for Crypto Storage

Compete for 2,500 USDT Every Week

Earn Points by Completing Tasks

Event Rules

Register now and get 10 points

Write/Reply Comments (0/5)

Publish an Article (0/5)

Share an Article on Social Media (0/5)

Like an Article (0/5)

Read an Article (0/5)

Weekly Leaderboard