Exodus Q3 Net Profit Rises to $17 Million, Bitcoin Revenue Accounts for Over 60%

NYSE-listed company Exodus Movement announced its third-quarter performance, with revenue increasing 51% year-over-year to $30.3 million and net profit rising from $800,000 to $17 million. The trading volume of the exchange provider reached $1.75 billion in Q3, an 82% year-over-year increase. Chief Financial Officer James Gernetzke stated that 60%-65% of monthly revenue is paid in Bitcoin. As of the end of the quarter, Exodus held 2,123 BTC, 2,770 ETH, and $50.8 million in cash, USDC, and treasury bonds, with the total value of digital and liquid assets reaching $314.7 million. Exodus also announced the acquisition of Latin American stablecoin payment platform Grateful to expand payment capabilities and support growth plans in emerging markets.