Exodus Movement, Inc. - EXOD STOCK NEWS

Exodus Movement (OTCQX: EXOD) has received approval to list its common stock on the NYSE American exchange. Trading under the same symbol 'EXOD' will commence on December 18, 2024. The stock will continue trading on OTCQX until market close on December 17, 2024. Current stockholders are not required to take any action regarding the uplisting. The company expects this move to enhance its corporate profile and improve stock liquidity for shareholders.

Exodus Movement (OTCQX: EXOD) has received approval to list its common stock on the NYSE American exchange. Trading under the same symbol 'EXOD' will commence on December 18, 2024. The stock will continue trading on OTCQX until market close on the same date. Current stockholders are not required to take any action regarding the uplisting. CEO JP Richardson emphasized the importance of American companies trading on premier U.S. exchanges and expects the move to enhance the company's profile and improve stock liquidity for shareholders.

Exodus Movement (OTCQX: EXOD), a self-custodial cryptocurrency software platform, has reported significant growth in Q4 2024. The company's exchange provider processed volume reached $1.26 billion for October-November 2024, surpassing Q3's full-quarter volume of $0.96 billion. As of December 11, 2024, Exodus holds over 1,900 Bitcoin and 2,660 Ethereum, with their Bitcoin holdings increasing by over 100 units since Q3.

The company primarily receives revenue in Bitcoin and USDC. Notably, the SEC staff has completed their review of Exodus's Form 10-12 registration statement, marking progress toward potential NYSE American stock exchange listing.

Exodus Movement reported strong Q3 2024 financial results with revenue of $20.1 million, up 68% year-over-year. The company achieved profitability with net income of $0.8 million, compared to a net loss of $0.3 million in Q3 2023. Exchange aggregation remained the primary revenue driver at 90.1% of operating revenue. Monthly Active Users increased to 1.6 million, up from 1.1 million in Q3 2023. Exchange provider processed volume grew 69% to $0.96 billion. The company's digital assets and cash position stood at $194.7 million, including $120.8 million in bitcoin and ethereum, and $69.8 million in cash equivalents.

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.