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. reports developments tied to its self-custodial cryptocurrency and payments platform. The company provides tools to earn rewards, spend, manage and swap digital assets, and it also supplies crypto infrastructure for enterprise platforms.
Recurring news themes include financial results, Exodus Pay product expansion, XO Swap activity, and new payment products such as XO Cash and AgentKit for AI-agent wallets. Company updates also cover completed acquisitions of Monavate and Baanx businesses, which add card issuing, processing, settlement and regulated payments infrastructure to Exodus's consumer and enterprise product suite.
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.
Rarible, a leading NFT company, has partnered with Exodus, a self-custodial cryptocurrency software platform, to integrate Exodus' Passkeys Wallet into the Rarible NFT marketplace. This collaboration aims to enhance user experience by offering seamless crypto management and improved security. Users can now create a Passkeys wallet with a single click and on-ramp quickly, allowing more time to explore NFT drops on Rarible.
James Richard Fry, VP of Marketing at Rarible, emphasizes the multichain future of NFTs and the importance of removing barriers for new users. JP Richardson, CEO of Exodus, highlights the integration's role in elevating user experience and making Web3 more accessible and secure. This partnership demonstrates both companies' commitment to driving innovation and improving the multichain experience across the crypto ecosystem.
Exodus Movement, Inc. (OTCQX: EXOD) has expanded its partnership with Magic Eden, a leading cross-chain NFT platform, by contributing to the design and development of Magic Eden's new mobile wallet. The wallet, available worldwide on both Apple App Store and Google Play Store, offers users a streamlined way to manage NFTs on the go. Key features include:
- Cross-chain NFT management
- Web3 and DeFi app connectivity
- Enhanced security using Exodus' protocols
- Exclusive rewards from popular projects and dApps
- Crypto sending/receiving, portfolio tracking, and market monitoring
Magic Eden Wallet swaps are powered by Exodus' XO Swap API, enabling seamless movement across five major chains. This collaboration aims to enhance user experience and expand access to digital collectibles, potentially driving further adoption in the NFT market.
Exodus Movement, Inc. (OTCQX: EXOD) has announced a strategic partnership with Blockchain.com to integrate fiat on-ramp capabilities into its Passkeys Wallet. This collaboration allows users to create and fund crypto wallets seamlessly, supporting multiple blockchain networks. Key features include:
1. Easy wallet creation and funding in seconds
2. KYC completion and crypto purchases available in over 50 countries
3. Enhanced security with Multi-Party Computation (MPC) technology
4. Support for Bitcoin, Polygon, Solana, Ethereum, and other major networks
5. User-friendly authentication options like FaceID and TouchID
The partnership aims to simplify crypto adoption and improve user experience, setting a new standard for accessibility and security in the cryptocurrency industry.
Exodus Movement (OTCQX: EXOD) reported strong Q2 2024 results, with revenue up 80% year-over-year to $22.3 million. The company's exchange aggregation service was the primary revenue driver, contributing 89.4% of operating revenue. Monthly Active Users increased to 1.5 million, up from 1.2 million in Q2 2023. However, Exodus faced a significant net loss of $9.6 million, compared to a $1.9 million profit in Q2 2023, primarily due to a $117.2 million loss on digital assets. Despite this, the company reported positive Adjusted EBITDA of $5.8 million, up 43% year-over-year. Exodus maintains a strong financial position with $195.5 million in digital assets and cash, including $70.7 million in cash and cash equivalents.
Exodus Movement, Inc. (OTCQX: EXOD), a leading self-custodial cryptocurrency software platform, has announced it will release its financial results for the second quarter ended June 30, 2024 after U.S. markets close on August 12, 2024. The company will host a webcast at 5:00 p.m. Eastern Time on the same day to discuss the results. Investors can access the webcast through a provided link or the company's website. Supplementary materials will be made available on the 'Investor Relations' section of the Exodus website prior to the webcast.
Exodus Movement (OTCQX: EXOD) has launched its new Passkeys Wallet, aimed at easing Web3 onboarding and DApp integration. The wallet allows users to create and fund their wallets directly within applications without needing seed phrases or email verifications. Key features include easy developer integration, integrated digital asset purchases, cross-chain swapping, and robust security through Multi-Party Computation technology. Passkeys Wallet supports Ethereum Virtual Machine (EVM), Bitcoin (BTC), and Solana (SOL), offering users flexibility across blockchain ecosystems. A waitlist for early access is now available.