Exodus Movement, Inc. - EXOD STOCK NEWS

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.

Exodus Movement, Inc. (OTCQX: EXOD) has expanded its partnership with Magic Eden, a leading cross-chain NFT platform, by contributing to the design and development of Magic Eden's new mobile wallet. The wallet, available worldwide on both Apple App Store and Google Play Store, offers users a streamlined way to manage NFTs on the go. Key features include:

- Cross-chain NFT management
- Web3 and DeFi app connectivity
- Enhanced security using Exodus' protocols
- Exclusive rewards from popular projects and dApps
- Crypto sending/receiving, portfolio tracking, and market monitoring

Magic Eden Wallet swaps are powered by Exodus' XO Swap API, enabling seamless movement across five major chains. This collaboration aims to enhance user experience and expand access to digital collectibles, potentially driving further adoption in the NFT market.

Exodus Movement, Inc. (OTCQX: EXOD) has announced a strategic partnership with Blockchain.com to integrate fiat on-ramp capabilities into its Passkeys Wallet. This collaboration allows users to create and fund crypto wallets seamlessly, supporting multiple blockchain networks. Key features include:

1. Easy wallet creation and funding in seconds
2. KYC completion and crypto purchases available in over 50 countries
3. Enhanced security with Multi-Party Computation (MPC) technology
4. Support for Bitcoin, Polygon, Solana, Ethereum, and other major networks
5. User-friendly authentication options like FaceID and TouchID

The partnership aims to simplify crypto adoption and improve user experience, setting a new standard for accessibility and security in the cryptocurrency industry.

Exodus Movement (OTCQX: EXOD) reported strong Q2 2024 results, with revenue up 80% year-over-year to $22.3 million. The company's exchange aggregation service was the primary revenue driver, contributing 89.4% of operating revenue. Monthly Active Users increased to 1.5 million, up from 1.2 million in Q2 2023. However, Exodus faced a significant net loss of $9.6 million, compared to a $1.9 million profit in Q2 2023, primarily due to a $117.2 million loss on digital assets. Despite this, the company reported positive Adjusted EBITDA of $5.8 million, up 43% year-over-year. Exodus maintains a strong financial position with $195.5 million in digital assets and cash, including $70.7 million in cash and cash equivalents.

Exodus Movement, Inc. (OTCQX: EXOD), a leading self-custodial cryptocurrency software platform, has announced it will release its financial results for the second quarter ended June 30, 2024 after U.S. markets close on August 12, 2024. The company will host a webcast at 5:00 p.m. Eastern Time on the same day to discuss the results. Investors can access the webcast through a provided link or the company's website. Supplementary materials will be made available on the 'Investor Relations' section of the Exodus website prior to the webcast.

Exodus Movement (OTCQX: EXOD) has launched its new Passkeys Wallet, aimed at easing Web3 onboarding and DApp integration. The wallet allows users to create and fund their wallets directly within applications without needing seed phrases or email verifications. Key features include easy developer integration, integrated digital asset purchases, cross-chain swapping, and robust security through Multi-Party Computation technology. Passkeys Wallet supports Ethereum Virtual Machine (EVM), Bitcoin (BTC), and Solana (SOL), offering users flexibility across blockchain ecosystems. A waitlist for early access is now available.

Exodus Movement, Inc. (EXOD) faced a delay in listing its Class A common stock on the NYSE American due to the SEC's review of its registration statement. The original listing date of May 9, 2024, has been postponed until the review is completed. The company's shares will continue to trade on the OTCQX exchange under the symbol 'EXOD' until further notice.

Exodus Movement, Inc. reported record revenue of $29.1 million in Q1 2024, up by 118% year-over-year. The company showcased strong momentum in its Wallet-as-a-Service and fiat onboarding products. Additionally, Exodus announced an uplisting on NYSE American under the ticker symbol EXOD on May 9th, 2024. The company's preliminary financial highlights include a significant increase in operating income and net income. The operational highlights feature a surge in exchange provider processed volume, monthly funded users, and monthly active users. Exodus is well-positioned for future growth opportunities with a healthy financial profile.

Exodus Movement, Inc. will announce its first-quarter 2024 financial results on May 6, 2024. The leading self-custodial cryptocurrency software platform will host a webcast to discuss the results. Investors can access the webcast and supplementary materials on the Company's website.