ChainCatcher news, according to Decrypt, the NYSE-listed company Exodus Movement reported a strong rise in its third-quarter performance, with revenue increasing by 51% year-on-year to 30.3 million USD, and net profit soaring from 800,000 USD in the same period last year to 17 million USD.
In the third quarter, Exodus's exchange provider trading volume reached $1.75 billion, a year-on-year increase of 82%. The company's Chief Financial Officer James Gernetzke stated that 60% to 65% of monthly revenue is paid in Bitcoin, provided 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 government bonds, with a total value of digital and liquid assets amounting to $314.7 million. Exodus also announced the acquisition of the Latin American stablecoin payment platform Grateful to enhance its payment capabilities and support its growth plans in emerging markets.
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