Record Q1 Revenue
Q1 revenue reached $36 million, marking a 24% increase year-over-year and the highest first-quarter revenue ever recorded by Exodus.
XO Swap Expansion
XO Swap accounted for 30% of the Q1 swap volume, up from 19% in Q4, indicating substantial growth and new partnerships.
Strong Balance Sheet
Exodus holds $238 million in digital and liquid assets with no debt, and 2,011 Bitcoin as of March, reflecting a strong financial position.
PassKeys Wallet Technology
Echo, a demo product using PassKeys technology, resulted in over 1.2 million PassKeys wallets being created, showcasing potential for future product integration.
Proactive Regulatory Engagement
CEO J.P. Richardson's involvement in regulatory discussions, including participation in the White House Crypto Summit, underscores a proactive approach to future regulatory clarity.
Growing Market Position
Exodus is positioned to benefit from the anticipated growth of stablecoins and has a strategy for horizontal and vertical expansion through partnerships and M&A activity.