Exodus Reports $8.3M Quarterly Loss as Wallet Platform Expands Payments Business

TL;DR: Exodus reported third-quarter revenue of around $32.5 million, up 7%, while swinging to an $8.3 million net loss from a profit a year earlier. The wallet company’s expansion into payments and card infrastructure adds a new commercial opportunity but also increases the importance of integration costs and execution. Exodus built its brand around software that helps people hold and exchange digital assets without relying on a traditional centralized exchange account. Its latest results show that running a wallet business at scale now involves more than downloads and token swaps. In its November 9 third-quarter report , Exodus said revenue reached about $32.5 million, an increase of roughly 7% year over year.

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