Self-custodial cryptocurrency wallets and platforms
Strategic Profile
Exodus is executing a long-term strategy of expanding beyond its core exchange business with a focus on building a more comprehensive financial platform rooted in self-custody, including the April 2026 launch of Exodus Pay across all 50 U.S. states and various global markets. The company uplisted to NYSE American in December 2024 under ticker symbol EXOD.
Cyborg Score Rationale
Q1 2026 revenue declined year-over-year to $22.7 million from $36.0 million in Q1 2025, reflecting weaker trading activity in a challenging digital asset market. The company recorded a preliminary net loss on digital assets of about $36.4 million, mainly from market price movements. In April 2026, Exodus appointed receivers to take control of subsidiaries of W3C Corp, which defaulted on a $70 million secured loan that Exodus had demanded repayment for.
Top Insights
Q1 2026 revenue declined 37% year-over-year to $22.7M amid weaker digital asset market conditions.
Exchange provider volume fell 22% sequentially from Q4 2025 to Q1 2026 at $1.18 billion.
Exodus Pay launched nationwide across all 50 U.S. states in April 2026 as part of platform diversification strategy.
Exodus is managing a $70 million secured loan default and has taken control of W3C Corp subsidiaries including Monavate and Baanx.
Named Competitors
Coinbase Wallet — Self-custodial wallet and crypto exchange platform
MetaMask — Leading self-custodial wallet for blockchain interaction
Ledger Live — Hardware wallet and asset management platform
Recent Developments
(April 2026) Exodus Pay launched across all 50 U.S. states and global markets
(April 2026) Appointed receivers to take control of W3C Corp subsidiaries (Monavate, Baanx) due to $70 million loan default
(May 2026) Q1 2026 results announced: $22.7M revenue (down 37% YoY), $36.4M net loss on digital assets
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