Movement

Bitcoin

USDC

James

Higher

Exodus Movement announced updated figures for its digital asset holdings and swap volume as Bitcoin surpassed the $100,000 milestone.
According to a note sent to crypto. news, the company disclosed preliminary financial data for the fourth quarter of 2024, reflecting strong performance in its exchange services.&nbsp;
Exodus reported holding over 1,900 Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) and 2,660 Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) as of December 11. This marks an increase of 100 Bitcoin in its treasury since the end of Q3 2024.&nbsp;
CFO James Gernetzke attributed this growth to revenues generated from the platform’s exchange aggregator, which processed record volumes during the quarter. Exodus Movement Inc., an over-the-counter listed self-custodial cryptocurrency wallet provider, has set a goal of being listed on the New York Stock Exchange.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/former-grayscale-ceo-michael-sonnenshein-joins-securitize/"> Former Grayscale CEO Michael Sonnenshein joins Securitize </a>
<h2 class="wp-block-heading" id="higher-exchange-volumes">Higher exchange volumes</h2>
Between October 1 and November 30, Exodus’s exchange aggregator handled $1.26 billion in trading volume, a substantial increase compared to the $960 million processed during the entire third quarter of 2024.
The company also highlighted progress in its regulatory journey. The Securities and Exchange Commission has completed its review of Exodus’s Form 10-12 registration statement. This milestone brings Exodus closer to its goal of listing on the NYSE American Stock Exchange.
Exodus has derived much of its revenue from Bitcoin and USDC (<a href="https://crypto.news/price/usd-coin/" target="_blank" rel="noopener noreferrer nofollow">USDC</a>). The firm’s self-custodial platform caters to users seeking secure, non-custodial solutions for managing digital assets.
The announcement follows a period of heightened activity in the digital asset market, spurred by Bitcoin reaching a historic price point. The financial figures disclosed are preliminary and unaudited, with final results expected after the company completes its fiscal year-end reporting process.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/investors-bet-big-on-this-new-crypto-repeating-dogecoins-path/"> Investors bet big on this new crypto repeating Dogecoin’s path </a>

Exodus Movement reports more Bitcoin holdings, eyes NYSE uplisting

Table of Contents

crypto.news

Other articles published on Dec 12, 2024

🚀 Binance Labs Invests in Perena to Propel Stablecoins on Solana! 🚀

Binance Boosts Trading Options for Three Altcoins

Synthetix Acquires Leading Leveraged Token Platform TLX

South Korean metaverse project Another World merging with Lamina1 after token deal

Neptune Finance Launches Liquidity Bootstrap on Mito Finance Launchpad

Next Cryptocurrency to Explode, 12 December — Mask Network, Bitget Token, Monero, IOTA

Join our free newsletter for daily crypto updates!