Welcome to our dedicated page for Exodus Movement news (Ticker: EXOD), a resource for investors and traders seeking the latest updates and insights on Exodus Movement stock.
Exodus Movement, Inc. (EXOD) is a self-custodial cryptocurrency and financial technology platform whose news flow centers on digital asset operations, payments initiatives, and corporate developments. Company press releases regularly highlight updates on selected digital asset holdings in its corporate treasury, monthly active user counts, and exchange provider processed volume, offering insight into platform usage and transaction activity.
Investors following EXOD news can expect recurring disclosures on Bitcoin, Ethereum, and Solana balances held in the company’s treasury, as well as commentary from management on how those assets and related financing arrangements support strategic objectives. Exodus has reported using a Bitcoin-secured credit facility with Galaxy Digital LLC to fund potential strategic transactions and later to support the announced acquisition of W3C Corp., and has subsequently announced repayment of that indebtedness.
News about Exodus also covers its evolution as a crypto payments company. The company has announced agreements to acquire Grateful, a stablecoin payments orchestrator for merchants, and W3C Corp., the parent of Monavate and Baanx, which provide card and payments infrastructure and non-custodial card services. These items appear alongside updates on XO Swap, Exodus Pay, and a planned fully reserved, USD-backed stablecoin developed with MoonPay and M0 to power digital dollar experiences in the Exodus ecosystem.
Additional coverage includes quarterly financial results, operational metrics such as monthly active users and funded users, and corporate actions like the redomestication of Exodus from Delaware to Texas and initiatives to allow shareholders to digitally represent their Class A shares as tokens on the Solana blockchain. For readers tracking EXOD, this news stream provides an ongoing view into how Exodus manages its treasury, expands its payments and wallet products, and executes its strategy in the digital asset sector.
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.
Exodus Movement (OTCQX: EXOD), a self-custodial cryptocurrency software platform, announced CFO James Gernetzke's participation in the SHARE Series virtual event on December 17, 2024. The fireside chat format presentation will be available for approximately 90 days on both the SHARE Series platform and Exodus' Investor Relations website.
Exodus, established in 2015, specializes in multi-asset crypto wallets with a focus on design and user-friendliness. The company's product lineup includes Passkeys Wallet and XO Swap, which provide embedded crypto wallet solutions and swap aggregation capabilities.
Exodus Movement (OTCQX: EXOD) has received approval to list its common stock on the NYSE American exchange. Trading under the same symbol 'EXOD' will commence on December 18, 2024. The stock will continue trading on OTCQX until market close on December 17, 2024. Current stockholders are not required to take any action regarding the uplisting. The company expects this move to enhance its corporate profile and improve stock liquidity for shareholders.
Exodus Movement (OTCQX: EXOD) has received approval to list its common stock on the NYSE American exchange. Trading under the same symbol 'EXOD' will commence on December 18, 2024. The stock will continue trading on OTCQX until market close on the same date. Current stockholders are not required to take any action regarding the uplisting. CEO JP Richardson emphasized the importance of American companies trading on premier U.S. exchanges and expects the move to enhance the company's profile and improve stock liquidity for shareholders.
Exodus Movement (OTCQX: EXOD), a self-custodial cryptocurrency software platform, has reported significant growth in Q4 2024. The company's exchange provider processed volume reached $1.26 billion for October-November 2024, surpassing Q3's full-quarter volume of $0.96 billion. As of December 11, 2024, Exodus holds over 1,900 Bitcoin and 2,660 Ethereum, with their Bitcoin holdings increasing by over 100 units since Q3.
The company primarily receives revenue in Bitcoin and USDC. Notably, the SEC staff has completed their review of Exodus's Form 10-12 registration statement, marking progress toward potential NYSE American stock exchange listing.
Exodus Movement reported strong Q3 2024 financial results with revenue of $20.1 million, up 68% year-over-year. The company achieved profitability with net income of $0.8 million, compared to a net loss of $0.3 million in Q3 2023. Exchange aggregation remained the primary revenue driver at 90.1% of operating revenue. Monthly Active Users increased to 1.6 million, up from 1.1 million in Q3 2023. Exchange provider processed volume grew 69% to $0.96 billion. The company's digital assets and cash position stood at $194.7 million, including $120.8 million in bitcoin and ethereum, and $69.8 million in cash equivalents.
Exodus Movement (OTCQX: EXOD), a self-custodial cryptocurrency software platform, has scheduled its Q3 2024 financial results announcement for November 12, 2024, after U.S. markets close. The company will host a webcast to discuss the results at 5:00 p.m. Eastern Time on the same day. Supplementary materials will be available on the company's website before the webcast in the Investor Relations section.
Exodus Movement (OTCQX: EXOD) has partnered with Ledger to integrate XO Swap, Exodus's premium crypto swap aggregator, into Ledger Live™. This integration allows users to perform direct crypto swaps from their self-custody wallets, prioritizing security and user control. Currently available on the desktop version of Ledger Live™, XO Swap offers connectivity to third-party exchange API providers, enabling swaps across thousands of crypto pairs.
The partnership aims to combine Exodus's powerful swap aggregator with Ledger's secure hardware wallets, empowering users to manage their cryptocurrency securely and easily. XO Swap facilitates on-chain transactions that are transparent and secure, with swapped cryptocurrency delivered directly to the user's Ledger wallet. A mobile version of the integration is anticipated in the future.
Exodus Movement, Inc. (OTCQX: EXOD) has partnered with M80, a global esports and technology company, to integrate Passkeys into M80's platform. This collaboration allows gamers to create wallets and buy cryptocurrency directly from M80, supporting KYC and payment card purchases across over 50 countries. The Passkeys Wallet offers a secure, user-friendly experience without requiring browser extensions, utilizing FaceID and TouchID for login.
The integration supports multiple blockchain networks, including Bitcoin, Polygon, Solana, and Ethereum, with more to be added. It employs Multi-Party Computation (MPC) technology for enhanced security. This partnership aims to bridge the gap between Web2 and Web3 experiences for gamers, simplifying digital asset management and advancing decentralized finance in the esports industry.
Magic Square, a Binance Labs-backed Web3 app store platform, has partnered with Exodus Movement, Inc. (OTCQX: EXOD) to integrate Exodus' Passkeys Wallet into Magic Square's ecosystem. This integration allows users to create and fund a crypto wallet within the app, offering enhanced security and ease of use. The Passkeys Wallet supports multiple blockchain networks and enables secure login using FaceID and TouchID.
The collaboration aims to simplify the crypto experience, improve onboarding for Web2 users transitioning to Web3, and promote mass adoption of crypto. The wallet utilizes Multi-Party Computation (MPC) technology for increased security. This partnership is expected to help platforms like Magic Square reduce drop-off rates, grow their user base, and create new revenue streams.
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