Exodus Completes Acquisitions to Enhance On-Chain Payments

Exodus has finalized the acquisitions of Monavate and Baanx UK, integral components of a deal valued at approximately $175 million aimed at developing an on-chain payments infrastructure. According to NS3.AI, these acquisitions enable Exodus to directly issue and process payment cards. Additionally, Exodus Pay is now operational across all 50 states. Preliminary results for the first quarter indicate a decline in revenue to $22.7 million, down from $36.0 million in the same period last year.