Exodus Movement updated figures regarding its holdings of digital assets, and their swap volumes as Bitcoin passed the $100,000 mark.
A note was sent to Crypto. The company has released preliminary financial information for the quarter ending in 2024. It reflects the strong performance it achieved with its exchange services.
Exodus reports holding more than 1,900 Bitcoin (BTCThe equivalent of 2,660 Ethereum is.ETHAs of November 11, Since the end of third quarter 2024, its Treasury has grown by 100 Bitcoin.
The platform’s CFO James Gernetzke attributes this growth to the revenues generated by the exchange aggregator which processed records volumes in the third quarter. Exodus Movement Inc. is a self-custodial, over-the counter listed cryptocurrency wallet. The company has set the goal to be listed on New York Stock Exchange.
Higher exchange volumes
Exodus’s exchange aggregator managed $1.26billion in trading volume between October 1, 2018 and November 30, an increase of over $960mn compared with the total third quarter 2024.
In addition, the company highlighted achievements in terms of its regulatory journey. Exodus’ Form 10-12 Registration Statement has been reviewed by the Securities and Exchange Commission. Exodus has now reached a major milestone in its quest to list on the NYSE American Stock Exchange.
Exodus’ revenue is largely derived from Bitcoin (USDC) and USDC.USDC). Users who want to manage digital assets in a secure manner without having them held by a third party can use the firm’s platform for self-custodial.
After a surge in activity on the digital assets market, Bitcoin reached a new price record. These financial results are not final and they haven’t been audited. The company will release its full fiscal year end report after completing the preliminary figures.
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Source: crypto.news
