BloFin Wallet is no longer just a place to store crypto. On July 24, the company announced it has added Perpetual Contract Trading and a BloFin Wallet Visa Card, pushing the platform into territory usually occupied by exchanges and fintech apps.
The moves signal a broader ambition for BloFin, which is based in Road Town, Virgin Islands. The wallet now lets users trade perpetual futures directly inside the app, and spend their crypto balances with a linked Visa card anywhere Visa is accepted.
Perpetual contracts inside a wallet
Perpetual contracts are a staple of crypto exchanges — they let traders speculate on price moves without an expiry date. BloFin is bringing that functionality into a wallet interface, which is less common. Most wallets stick to spot swaps or simple buy/sell buttons. Adding leverage and margin trading is a step up in complexity and risk.
The company didn't detail which assets would be available for perpetual trading, or the leverage limits. Those specifics will matter for users deciding whether to try it.
A card to spend crypto
The BloFin Wallet Visa Card works like a prepaid debit card. Users load it with supported crypto from their wallet, and the card converts it to fiat at the point of sale. This is a well-worn path — several crypto card programs exist already — but it's new for BloFin. The card could help the wallet compete with the likes of Crypto.com or Binance Card, though BloFin hasn't announced any rewards or cashback yet.
The company said the card is available now, but didn't specify regions or any waiting list.
BloFin is trying to become a one-stop shop. A wallet that also does trading and spending is more likely to keep users inside its ecosystem rather than sending them to an exchange or a separate card issuer. The timing isn't bad — crypto card adoption has been growing, and perpetual trading volumes remain high even in quieter markets.
But the moves also bring regulatory attention. Perpetual contracts are heavily scrutinized in many jurisdictions, and a Visa card means dealing with payment networks and banking partners. BloFin's base in the Virgin Islands may give it some flexibility, but it also means users in places like the U.S. or EU might not get access.
The company hasn't said which countries are supported for either product. That's the next question worth watching.
