Exodus Movement Provides Update on Digital Assets and Cash Holdings
Preliminary Highlights for Fourth Quarter 2024
Exchange Provider Processed Volume and Digital Assets Holdings
Exodus Movement, a key player in the self-custodial cryptocurrency software platform sector, has revealed important updates regarding its digital assets and cash holdings. The company reported a significant increase in exchange provider processed volume, reaching $1.26 billion in the two-month period between October and November 2024. This marks a substantial surge compared to the previous quarter.
As of December 11, 2024, Exodus holds over 1,900 Bitcoin and more than 2,660 Ethereum units in its digital assets portfolio. James Gernetzke, the CFO of Exodus, emphasized the company’s position as a leading digital asset wallet provider, highlighting the revenue growth experienced during the fourth quarter of 2024.
Furthermore, the Securities and Exchange Commission has completed the review of Exodus’ registration statement on Form 10-12, bringing the company closer to its goal of listing on the NYSE American stock exchange.
About Exodus
Empowering Individuals and Businesses with Crypto Solutions
Exodus has been at the forefront of providing secure and user-friendly crypto software solutions since 2015. The company’s multi-asset crypto wallets prioritize design and ease of use, making digital assets accessible to a wide range of users. With a focus on self-custodial wallets, Exodus ensures that customers have full control over their funds, enabling seamless swapping, buying, and selling of cryptocurrencies.
Exodus’ business solutions, including Passkeys Wallet and XO Swap, cater to both individuals and businesses looking to embed crypto wallets and utilize swap aggregation tools. The company remains committed to driving accessible and secure finance for all.
Forward-Looking Statements
Risks and Future Projections
As with any financial update, it’s crucial to consider the risks and uncertainties that may impact the company’s future performance. While Exodus expresses optimism and outlines its growth strategies, there are inherent risks involved in the volatile digital asset market. Readers are advised to proceed with caution and consider all factors before making financial decisions based on the information provided.
Exodus Movement continues to evolve in the dynamic cryptocurrency landscape, adapting to market trends and regulatory requirements to ensure sustainable growth and innovation.
These developments reflect the ongoing progress and success of Exodus Movement in the digital asset sector, positioning the company as a key player in the evolving cryptocurrency ecosystem.