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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.
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Exodus Movement, Inc. (tZERO: EXOD; Securitize Markets: EXOD) plans to announce its fourth quarter and full year 2022 results by April 28, 2023. On January 4, 2023, Exodus appointed Deloitte & Touche LLP as its independent public accounting firm to conduct the audit for the year ended December 31, 2022. A webcast to discuss the results will be provided in advance of the filing. Investors can submit questions to management via investors@exodus.com.
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.