Exodus Movement Inc
OTC:EXOD
Exodus Movement Inc
Exodus Movement, Inc. develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company is headquartered in Omaha, Nebraska. The company went IPO on 2021-09-15. The firm has developed the Exodus Platform, which is a non-custodial cryptocurrency software wallet for multiple types of cryptocurrency. The platform allows customers to secure, control, and manage their digital wealth. The platform provides an easy-to-use interface that enables customers to manage crypto assets on their desktop computers and mobile phones or transfer their assets to physical storage devices. The platform also provides information for customers regarding market data and the performance of the assets they hold, as well as a full transaction history for each crypto asset. The company offers a desktop version and mobile version of the Exodus Platform to customers to access advanced wallet technology. From the wallet, customers can send crypto assets in one click by scanning a quick response (QR) code or pasting an address.
Exodus Movement, Inc. develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company is headquartered in Omaha, Nebraska. The company went IPO on 2021-09-15. The firm has developed the Exodus Platform, which is a non-custodial cryptocurrency software wallet for multiple types of cryptocurrency. The platform allows customers to secure, control, and manage their digital wealth. The platform provides an easy-to-use interface that enables customers to manage crypto assets on their desktop computers and mobile phones or transfer their assets to physical storage devices. The platform also provides information for customers regarding market data and the performance of the assets they hold, as well as a full transaction history for each crypto asset. The company offers a desktop version and mobile version of the Exodus Platform to customers to access advanced wallet technology. From the wallet, customers can send crypto assets in one click by scanning a quick response (QR) code or pasting an address.
Revenue Growth: Exodus reported over $30 million in revenue for the quarter, representing 51% year-over-year growth, driven by higher digital asset prices and strong performance from Swap partnerships.
Grateful Acquisition: The company announced the acquisition of Grateful, a stablecoin-based merchant checkout platform, with plans to go live in Argentina and Uruguay next month.
User Base: Quarterly funded users reached 1.8 million, up 6% from last quarter and 20% year-over-year, showing increased engagement despite flat monthly active users.
Non-Exchange Revenue: Non-exchange related revenue, including staking and XO Pay, rose to over 10% of total revenue for the first time in a while.
Balance Sheet: Exodus ended the quarter with $315 million in digital and liquid assets and remains debt-free.
Bitcoin Dividend Plans: The company is exploring issuing a Bitcoin dividend to Class A common stockholders, pending board and charter amendment approval.
Stablecoin & Tokenization Strategy: Management emphasized stablecoins, tokenization of assets, and expanding financial utility as core future growth drivers.
