Exodus Q3 Net Profit Surges Over 20-Fold, Bitcoin Revenue Accounts for Over 60%
TechFlame
2025-11-13 03:56
TechFlame2025-11-13 03:56
English
According to TechFlame, citing a report by Decrypt, NYSE-listed Exodus Movement announced robust growth in its third-quarter performance, with revenue increasing 51% year-over-year to $30.3 million, while net profit surged to $17 million from $800,000 in the same period last year.
In the third quarter, Exodus’ exchange provider trading volume reached $1.75 billion, an 82% increase compared to the previous year. The company’s Chief Financial Officer, James Gernetzke, stated that 60% to 65% of monthly revenue is paid in Bitcoin by third-party liquidity providers handling user transactions.
As of the end of the quarter, Exodus held 2,123 BTC, 2,770 ETH, and $50.8 million in cash, USDC, and treasury securities, with total digital and liquid assets valued at $314.7 million. Exodus also announced the acquisition of Grateful, a Latin American stablecoin payment platform, to expand its payment capabilities and support its growth strategy in emerging markets.