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, Inc. (tZERO and Securitize ATS:EXOD) has announced that CFO James Gernetzke will present at the JMP Securities Technology Conference on March 7, 2023, at 3:30 PM ET. The live presentation will be available for streaming at this link.
Exodus, founded in 2015, aims to facilitate a shift from traditional finance by offering a user-friendly multi-asset software wallet. The platform supports over 10,000 asset pairs and ensures users have complete control over their cryptocurrencies through self-custody features.
Exodus Movement, Inc. (tZERO: EXOD) reported its fiscal Q3 2022 results, showing a 39% decline in revenue to $11.0 million compared to Q3 2021. Year-to-date revenue also fell 43% to $39.4 million. Operating losses increased significantly, with a loss from operations of $0.1 million versus a profit of $6.5 million the previous year. Monthly active users dropped 15%, totaling 764,863. A workforce reduction of 22% was implemented to adapt to market conditions. Despite challenges, the company maintains a strong balance sheet with $77 million in digital assets.
Exodus Movement, Inc. (EXOD) announced the addition of BNB Smart Chain support in its browser-based Web3 Wallet. This move aims to attract users by leveraging BSC’s reliability and low fees, enhancing accessibility to DeFi projects and NFTs. The wallet now supports multiple blockchains, including Solana, Ethereum, and Polygon, and is expected to add more chains like Fantom and Avalanche by year-end. The integration positions Exodus as a comprehensive platform for Web3 exploration, appealing to both large and small investors in the growing DeFi space.
Exodus Movement, Inc. (EXOD) has integrated Polygon support into its Web3 Wallet. This enhancement allows users to access Polygon's extensive ecosystem, which includes over 53,000 decentralized applications (dApps). CEO JP Richardson highlighted that this addition offers a fast, cost-effective alternative for transactions compared to Ethereum. The wallet already supports multiple blockchains and plans to add Binance Smart Chain, Fantom, and Avalanche by year-end. Polygon aims to facilitate greater DeFi accessibility, catering to both experienced and novice users.
Exodus Movement, Inc. (tZERO and Securitize ATS:EXOD) will host its fiscal 2022 third quarter earnings webcast on November 9, 2022 at 3:30 PM ET. The presentation will be accessible via their website, and preliminary results will be published prior to the call. Shareholders can submit questions via email to Exodus management. Founded in 2015, Exodus aims to simplify cryptocurrency management through its user-friendly multi-asset software wallet, supporting over 10,000 asset pairs while ensuring privacy and security.
Exodus Movement, Inc. has announced the integration of Algorand support in its Web3 Wallet, marking it as the first multi-chain product to facilitate connections between Solana, Ethereum, and Algorand blockchains. According to CEO JP Richardson, this development enhances user access to Algorand’s advanced features, allowing for seamless NFT collection and DeFi participation. Furthermore, support for additional DeFi chains like Binance Smart Chain and Polygon is anticipated later this year, showcasing Exodus's commitment to innovation in the cryptocurrency domain.
Exodus Movement, Inc. announced the launch of its innovative multi-chain DeFi solution, enabling users to access Web3 via a new browser extension. Customers can manage cryptocurrency activities like sending, receiving, and trading across multiple platforms, including Solana and Ethereum. The company aims to simplify DeFi for everyone and plans to add support for additional blockchains such as Algorand, Binance Smart Chain, Polygon, and others by the end of the year. The extension is designed with user safety and ease-of-use in mind.
Exodus Movement reported a significant decline in Q2 2022 revenue, totaling $13.0 million, a 53% decrease from Q2 2021. Operating losses reached $14.8 million, while total costs surged 51% year-on-year. Despite these challenges, the company maintained over 800,000 monthly active users and secured around $80 million in cash and digital assets. The executive team remains optimistic about their self-custodial platform amidst market volatility, emphasizing the importance of user loyalty and product enhancement.
Exodus Movement, Inc. (tZERO: EXOD) announced preliminary results for Q2 2022, reporting a processed volume of $700 million, representing a 57% decline year-over-year from $1.6 billion. As of June 30, 2022, the company holds over $80 million in cash and digital assets. Monthly active users (MAUs) remained stable at 817,972, despite a sequential decrease of 6%. Exodus launched fiat on-ramp capabilities, allowing customers to convert $15 million into crypto. The firm continues to focus on product development while managing a full-time team of approximately 290 employees.
Exodus Movement, a leading self-custodial cryptocurrency platform, will participate in the JMP Securities Technology Forum on July 12, 2022, in Calistoga, California. CFO James Gernetzke and Director of Investor Relations Allysa Howell will engage in one-on-one and small group meetings with financial sponsors and corporate development professionals. A presentation will be accessible on the Company's website's 'Shareholder' page. For inquiries about the conference participation, reach out to investors@exodus.com.
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