Exodus Unveils New Swap Experience, Setting a New Standard for Crypto Transactions

Rhea-AI Summary

Exodus Movement (NYSE: EXOD) has launched a new swap experience in its cryptocurrency wallet platform, introducing significant improvements in speed, cost, and flexibility for digital asset transactions. The upgrade features reduced fees starting at 0.5%, particularly beneficial for SOL-based transactions, and implements fixed rates to ensure price transparency.

The enhanced platform offers expanded liquidity on EVM-compatible chains and networks like BASE, while supporting thousands of tokens with custom asset addition capabilities. The new system accommodates various transaction sizes with adjusted minimums and maximums, utilizing advanced routing algorithms to source optimal prices from trusted liquidity providers.

This development follows Exodus' recent listing on the NYSE American exchange and a strong Q4 performance. The new swap experience is currently available in the Exodus mobile wallet.

Positive

• Reduced transaction fees to 0.5%, enhancing competitiveness
• Expanded liquidity access across multiple blockchain networks
• Implementation of fixed rates for better price transparency
• Record-breaking Q4 performance reported
• Successfully listed on NYSE American exchange

Negative

• None.

Insights

Product Strategy Analyst

The new swap experience represents a strategic pivot in Exodus' competitive positioning. The reduction in fees to 0.5% and enhanced liquidity routing places them in direct competition with major DEX aggregators and centralized exchanges. The fixed-rate feature addresses a critical pain point in DeFi - price uncertainty and slippage - which could drive significant user adoption.

The integration with emerging networks like BASE and expanded SOL support shows forward-thinking infrastructure development, positioning Exodus to capture market share in high-growth blockchain ecosystems. The emphasis on self-custody aligns with post-FTX market sentiment, while the simplified UX could attract traditional finance users transitioning to crypto.

However, the success of this initiative will largely depend on actual liquidity depth and execution reliability. The 0.5% fee structure, while competitive, may impact revenue margins unless offset by higher transaction volumes. This appears to be a calculated bet on market share expansion over short-term profitability.

Financial Technology Expert

The technical architecture of this upgrade presents significant revenue implications. By implementing enhanced routing algorithms and expanding supported networks, Exodus can tap into deeper liquidity pools, potentially increasing transaction throughput and fee generation despite lower per-transaction rates. The multi-chain support, particularly for EVM-compatible networks, opens access to the growing DeFi ecosystem valued at billions.

The fixed-rate mechanism suggests sophisticated risk management infrastructure, likely involving internal liquidity reserves or strategic partnerships with market makers. This could create additional revenue streams through spread optimization while protecting users from volatile execution prices.

For investors, this development signals Exodus' evolution from a basic wallet provider to a comprehensive DeFi platform, similar to how Revolut evolved in traditional fintech. The focus on user experience and reduced friction could accelerate retail adoption, particularly important given their NYSE American listing and institutional investor expectations.

Faster, cheaper, and more flexible—Exodus’ latest wallet upgrade empowers users with seamless access to thousands of tokens and enhanced liquidity

OMAHA, Neb., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus" or the "Company"), a leading self-custodial cryptocurrency software platform, has introduced its new swap experience, revolutionizing how users swap digital assets using the Exodus wallet. This transformative upgrade offers unparalleled speed, reduced costs, and greater flexibility, marking another milestone in the company’s commitment to empowering users with seamless crypto management.

The new swap experience significantly lowers fees, starting at just 0.5%, enabling users to access highly competitive rates for a vast array of assets. Fixed rates ensure transparency, guaranteeing users receive the exact rates previewed during transactions. Enhanced routing algorithms deliver optimal prices by sourcing liquidity from a trusted network of providers.

Key Features of the New Swap Experience:

• Lower Minimums, Higher Maximums: Accommodating transactions of all sizes with unmatched flexibility.
• Expanded Liquidity: Access deeper liquidity on EVM-compatible chains and emerging networks like BASE.
• SOL-Powered Swaps: Take advantage of ultra-low fees starting at 0.5% for SOL-based transactions.
• Extensive Token Options: Seamlessly diversify portfolios with support for thousands of tokens and custom asset additions directly within the app.
  

“Exodus’ new swap experience isn’t just an upgrade—it’s a game changer,” said Matias Olivera, Chief Technology Officer at Exodus. “This enhanced experience simplifies the swapping experience, making it faster, more affordable, and more accessible for everyone. Whether you're optimizing your portfolio or exploring new opportunities, we’re here to empower your journey toward financial freedom.”

This launch builds on Exodus' recent successes, including its public listing on the NYSE American exchange and a record-breaking Q4 performance. These milestones underscore the company’s ongoing innovation and its mission to redefine financial accessibility for everyday users and businesses alike.

Available now within the Exodus mobile wallet, the new swap experience cements Exodus’ position as a leader in crypto usability and advanced technology, delivering a complete solution for digital asset management.

For more information please visit: https://www.exodus.com/.

About Exodus
Exodus is a financial technology leader dedicated to simplifying digital asset management. Since 2015, the company has pioneered self-custodial crypto solutions that put users in full control of their funds. With its multi-asset wallet, Exodus enables secure, seamless swapping, buying, and selling of cryptocurrency, all while prioritizing design and ease of use.
Exodus’ business solutions, including Passkeys Wallet and XO Swap, provide cutting-edge tools for embedded crypto wallets and swap aggregation. As a publicly listed company, Exodus is committed to driving the future of accessible and secure finance. Learn more at exodus.com or follow us on X at x.com/exodus.

Forward-Looking Statements
This press release contains “forward-looking statements” as that term is defined by the federal securities laws. All forward-looking statements are based upon our current expectations and various assumptions and apply only as of the date made. Our expectations, beliefs, and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that our expectations, beliefs and projections will be achieved. Forward-looking statements are generally identified by the words “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “forecast,” as well as variations of such words or similar expressions. Forward-looking statements in this document include, but are not limited to, quotations from management regarding expected benefits to Exodus’ corporate profile and shareholder liquidity as a result of the uplisting.

Forward-looking statements include statements concerning:

• our business plans and strategy;
• projected profitability, performance or cash flows;
• future capital expenditures;
• our growth strategy, including our ability to grow organically and through mergers and acquisitions;
• anticipated financing needs;
• business trends;
• our capital allocation strategy;
• liquidity and capital management; and
• other information that is not historical information.
  

There are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements, including those set forth in “Item 1. Business” and “Item 1A. Risk Factors” of Amendment No. 6 to our Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”) on November 27, 2024 (the “Form 10"), as well as in our other reports filed with the SEC from time to time. All forward-looking statements are expressly qualified in their entirety by such cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by law, we undertake no obligation to update or revise any forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

Investor Contact
investors@exodus.com

Source: Exodus Movement, Inc.

FAQ

What are the new swap fees for Exodus (EXOD) cryptocurrency transactions?

Exodus has reduced its swap fees to start at 0.5%, particularly for SOL-based transactions, offering more competitive rates for users.

What new features are included in Exodus (EXOD) latest wallet upgrade?

The new features include lower transaction fees starting at 0.5%, fixed rates for price transparency, enhanced routing algorithms, expanded liquidity on EVM-compatible chains, and support for thousands of tokens with custom asset additions.

How does Exodus (EXOD) new swap experience affect transaction transparency?

The new swap experience implements fixed rates, ensuring users receive exactly the rates they see previewed during transactions, enhancing transparency in the trading process.

What blockchain networks are supported in Exodus (EXOD) new swap feature?

The new swap feature supports EVM-compatible chains and emerging networks like BASE, with special emphasis on SOL-based transactions offering ultra-low fees.