Yes, Wasabi (like most public cloud object storage services including AWS S3) is suitable for storing video files. However, you should be aware of the following points when considering a public cloud object storage service to host your videos for direct delivery to video players:
1. The business model with public cloud object storage is that egress traffic (i.e. downloads) from the storage service to the player location is chargeable on a per-GB basis. The price is generally less than $.10 per GB but if you are doing many downloads and the files are large, this can result in some meaningful egress fee charges. Wasabi does not limit the bandwidth available for video or any other application but does charge ($.04/GB) for egress downloads over the Internet.
2. Depending on the location of your video player and other network conditions, it may be necessary to utilize a content delivery network (CDN) service along with the storage service for the best quality video viewing experience.
3. Public cloud storage services do not provide any encoding / decoding functions. This means (for example), if you store the video file in a format like .mp4 and you need the video player to receive the video in a different format, this function must be performed outside of the storage service.