Trade $ANT Pro-IPO on Rainbow https://t.co/S5Mxjav5d4
Rainbow
Self-custodial Ethereum wallet with prediction markets and up to 50x perpetuals
3.3/ 5
Our score
Fair
Custody
Self-custodial
Chains
Ethereum
Platforms
iOSAndroidChrome
In-app swaps
Yes
What is Rainbow?
Rainbow is a self-custodial crypto wallet and trading app from Rainbow Studio Inc. It combines asset storage with token swaps, bridging, prediction markets, live market data and perpetuals. Through Hyperliquid, its perpetual markets support positions with as much as 50x leverage on Bitcoin, the S&P 500, gold and oil.
Company and team
Rainbow Studio Inc. operates from New York City, United States. Christian Baroni is its CEO and co-founder and leads the company's strategy and vision. The company is listed at a size of 11-50 employees. Rainbow launched its RNBW token on February 5, 2026.
Wallet and trading tools
The wallet is self-custodial, so users control their keys and crypto. Rainbow supports Ethereum and added Arc support in September 2026. Its mobile apps handle buying, holding and trading crypto. The desktop version runs through Chrome, Firefox, Edge, Brave, Safari and Arc.
In-app swaps show the network cost and Rainbow Fee before confirmation. Bridging moves tokens between supported networks. Prediction markets cover sports and elections, as well as rate cuts. Live Data adds real-time prices and charts. Perpetuals extend the app beyond spot assets, with positions powered by Hyperliquid and leverage of up to 50x.
Fees and rewards
Rainbow applies a fee to swaps, shown as a percentage or amount before a transaction is confirmed. Some fee-on-transfer token swaps are blocked because the additional token charge can cause a transaction to fail. The company says its revenue currently relies on swaps.
Rainbow also distributes RNBW rewards for trades. Rainbow Black offers free instant deposits, larger rewards and up to 100% of trading fees auto-compounded. RNBW staking went live in the iOS and Android apps on April 15, 2026.
Track record and risks
On February 5, 2026, Rainbow airdropped 150 million RNBW tokens to 115,942 wallets. As of October 18, 2026, total supply was 1 billion RNBW, with 214,498,095 tokens unlocked and circulating. RNBW futures were delisted from MEXC Futures on June 27, 2026, and scheduled for removal on July 1 after a platform risk assessment.
The wallet carries self-custody risks such as seed-phrase loss and phishing. Swap costs can include Rainbow's fee and network charges. Perpetuals add liquidation and Hyperliquid counterparty exposure.
Best for:Mobile Ethereum wallet usersCrypto and prediction-market tradersUsers trading perpetualsRNBW staking participants
Pros and cons
Pros
- Self-custodial key control
- Supports Ethereum and Arc
- Swap costs appear before confirmation
- Combines wallet and prediction markets
- Perpetuals reach up to 50x leverage
- Available on mobile and desktop browsers
Cons
- Perpetuals add liquidation and Hyperliquid counterparty exposure
- Swap fees vary and network charges still apply
- Fee-on-transfer token swaps can be blocked
- Self-custody leaves seed-phrase loss with the user
- RNBW rewards depend on a newly launched token
- RNBW futures were delisted from MEXC in June 2026
Our review
3.3/5
Fair
Rainbow combines self-custody with swaps, predictions and leveraged markets, but its Ethereum focus and trading risks limit its appeal as an all-purpose wallet.
Rainbow is a self-custodial wallet operated by Rainbow Studio Inc., with apps for iPhone and Android plus browser support. Users control their keys, while the product adds token swaps, bridging, prediction markets, perpetuals and live price charts.
Chain coverage is the main constraint. Ethereum is the documented supported chain, while the wallet has expanded into assets and markets beyond a conventional Ethereum wallet. Its perpetuals are powered by Hyperliquid and allow positions with as much as 50x leverage on Bitcoin, the S&P 500, gold and oil.
Swaps show the network fee and Rainbow Fee before confirmation. Some fee-on-transfer token swaps are blocked because they can fail. A Rainbow Fee can be added to swap costs, and the company says revenue currently relies on swaps. The product also includes staking for RNBW in its iOS and Android apps, although that does not establish staking support for other assets.
Christian Baroni is CEO and co-founder, Rainbow is headquartered in New York City, and its reported company size is 11-50 employees. The RNBW token launched on February 5, 2026, followed by mobile staking on April 15, 2026. RNBW futures were delisted from MEXC Futures on June 27, 2026, with removal scheduled for July 1 after a platform risk assessment.
Specs
| Wallet type | Mobile, Browser extension, Web · unverified |
|---|---|
| Custody | Self-custodial |
| Chains | Ethereum |
| Platforms | iOS, Android, Chrome |
| In-app swaps | Yes · unverified |
| Staking | Yes · unverified |
| Buy crypto in app | Yes · unverified |
| Security features | Self-custody · unverified |
| Perpetuals trading | Yes · unverified |
Not disclosed by the provider: KYC required, Open source, Hardware wallet support, NFT support, WalletConnect, Recovery without a seed phrase, Passkey login, Multisig, Built-in dApp browser, Swap fee.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Self-custodial wallet
Rainbow says users control their keys and crypto while buying, holding and sending assets.
In-app swaps
Token swaps show network costs and the Rainbow Fee before confirmation.
Cross-chain bridging
The app supports token bridging across its supported networks, including Ethereum and Arc.
Prediction markets
Users can trade markets covering sports, elections and rate cuts from the app.
Perpetuals trading
Hyperliquid-powered perpetuals offer leverage of up to 50x on Bitcoin, the S&P 500, gold and oil.
Live market data
Real-time prices and charts are available inside the same app as the wallet.
RNBW staking
RNBW staking is available in Rainbow's iOS and Android apps.
Inside Rainbow
Crypto
The Crypto section lets users buy, hold and trade crypto assets in a self-custodial wallet. In-app swaps show the network fee and Rainbow Fee before confirmation.
Predictions
Predictions lets users trade markets covering sports, elections, rate cuts and other events from the mobile app.
Perps
Perps offers long and short perpetual trading powered by Hyperliquid. Rainbow lists leverage of up to 50x on Bitcoin, the S&P 500, gold and oil.
Live Data
Live Data provides real-time prices and pro-level charts for monitoring markets and executing trades.
Rewards
Rewards gives users RNBW for trades. Rainbow Black offers free instant deposits, larger rewards and up to 100% of trading fees auto-compounded.
Rainbow screenshots
What users say about Rainbow
The limited product-specific feedback is positive, with users describing Rainbow as an open-source wallet with a good user experience and useful NFT visibility.
Based on 6 Reddit posts and comments from the last 12 months, checked Oct 18, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Rainbow? Share your experience below.
Funding and investors
1Round
1Investor
-
Funding round Amount undisclosed
FAQ
Who founded Rainbow?
Christian Baroni is Rainbow's CEO and co-founder. Rainbow Studio Inc. operates the wallet from New York City.
What fees does Rainbow charge for swaps?
Rainbow applies a Rainbow Fee to swaps, shown as a percentage or amount before transaction confirmation. The swap review also shows network fees and the minimum received.
Is Rainbow available on mobile and desktop?
Rainbow is available for iPhone and Android, with desktop browser support for Chrome, Firefox, Edge, Brave, Safari and Arc.
Is Rainbow a safe wallet?
Rainbow is self-custodial, so users control their wallet keys.
What chains does Rainbow support?
Ethereum is the documented supported chain for Rainbow Wallet. Rainbow also offers markets for assets and instruments such as Bitcoin, the S&P 500, gold and oil through its trading products.
Does Rainbow have a token?
Rainbow has the RNBW token, which launched on February 5, 2026. RNBW staking became available in the iOS and Android apps on April 15, 2026.
Latest from Rainbow on X
Arc support is live in Rainbow
@arc
@arc
🇩🇪 Zverev or 🇺🇸 Shelton?
Pick your finalist. https://t.co/3R1A91qKkO
Pick your finalist. https://t.co/3R1A91qKkO
213 days later, and it's the same two teams.
Patriots vs. Seahawks.
Pick a side in the Rainbow mobile app 🏈
Patriots vs. Seahawks.
Pick a side in the Rainbow mobile app 🏈
John Ternus takes the stage for the first time as Apple CEO to reveal the latest hardware products later today.
what's the paired meme token to keep an eye on?
what's the paired meme token to keep an eye on?
Recent public posts from @rainbowdotme, shown as published. Not reviewed or endorsed by CryptoReview.
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