April 11, 2026

Capitalizations Index – B ∞/21M

New Ways to Control Your Crypto 🚀

Blockchain Blog
New Ways to Control Your Crypto 🚀

We built the Blockchain Wallet because we’re 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 aren’t using crypto – you’re just speculating and you’re 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 “bitcoin banks”, and to enable everyone to be their own bank.

Fast forward six years and we’ve achieved a few things that we’re 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. (We’ve 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, it’s 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 there’s 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 aren’t 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 users’ 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. We’ve had our heads down much of this year doing exactly that and starting today we’re excited to begin delivering new solutions to you, beginning with two new capabilities.

First, we’re 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. We’ve 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. We’ve started rolling Swap out today and everyone will have access over the next two weeks.

Secondly, we’re 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. It’s hardware made easy, with a setup that takes just a few moments thanks to our custom hardware-software integration.

With Lockbox you’re 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, you’ll also be able to trade directly from your Lockbox while still maintaining your keys. In conjunction with Lockbox, we’re 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.

We’re 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.

We’re dedicated to building the functionality you want, without compromising your control of your key. Your crypto is yours, and it should stay that way.

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South Korea Tightens Grip, But Won’t Ban Bitcoin Trading

It was only a matter of time until authorities pulled the reins in on one of the biggest crypto trading nations in the world. South Korea, which is responsible for as much as 25% of total crypto trading volume, said on Thursday it will impose additional measures to regulate speculation in crypto within the country.


South Korea Will Ban Anonymous Crypto Trading

As previously reported that more regulations are expected, South Korean regulators have confirmed additional measures to curb illegal activities at cryptocurrency exchanges. According to Reuters, the government noted that trading prices of most digital currencies were much higher on South Korean exchanges than they were on exchanges in other countries.

A government spokesperson made the following statement:

The government had warned several times that virtual coins cannot play a role as actual currency and could result in high losses due to excessive volatility.

The first steps will include a ban on opening anonymous crypto trading accounts. Most exchanges require photographic proof of identity anyway, so this regulation is nothing to be concerned about.

Secondly, however, is a more alarming plan to introduce new legislation which will allow regulators to close virtual coin exchanges if required. This measure had been recommended by the justice ministry, according to the statement.

Previously, South Korea had announced a plan to tax capital gains from cryptocurrency trading to tackle what it perceives as the risk of excessive speculation.

Banks Backing Off

As expected, earlier this week, two major banks in South Korea announced that they are closing reward programs, which allow clients to purchase bitcoins with credit card bonus points.

Commercial banks in the country are increasingly preventing the opening of new virtual accounts, which are necessary to trade on South Korean crypto exchanges.

South Korea Bans Bitcoin Futures As Authorities Consider Crypto Income Tax

In addition to Shinhan Bank and KB Kookmin Bank closing rewards programs next month, Woori Bank and Korea Development Bank also announced that they would be closing all virtual accounts provided to exchanges.

It is no surprise that banks in South Korea and elsewhere are pulling back from crypto; the concept essentially goes against their business model. Unfortunately, in this embryonic industry, traders still need to rely on exchanges, many of which, such as Coinbase, have adopted banking-style models of fees and commissions. Only when crypto trading is truly decentralized and peer-to-peer will the masses start to benefit more than the banks and exchanges.

Will the Korean clampdown affect the markets? Add your thoughts to the comments below.


Images courtesy of Pixabay, PublicDomainPictures, and Bitcoinist archives.

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