According to Decrypt, Exodus Movement, a listed company on the New York Stock Exchange, announced strong growth in the third quarter, with revenue rising 51% year-on-year to $30.30 million and net profit surging to $17 million from $800,000 in the same period last year.
In the third quarter, Exodus' exchange provider traded $1.75 billion, up 82% year-on-year. James Gernetzke, the company's chief financial officer, said 60% to 65% of monthly revenue was paid in bitcoin by third-party liquidity providers that process user transactions.
At the end of the quarter, Exodus held 2,123 BTC, 2,770 ETH, and $50.80 million in cash, USDC, and Treasuries, with a combined value of $314.70 million in digital and current assets. Exodus also announced the acquisition of Latin American stablecoin payments platform Grateful to expand its payment capabilities and support growth plans in emerging markets.
Exodus Q3 net profit increased by more than 20 times, and bitcoin revenue accounted for more than 60%
2025-11-13 03:57:25
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