As a seasoned researcher with a keen interest in the dynamic world of cryptocurrencies and blockchain technology, I find the latest financial disclosure from Exodus Movement intriguing. The company’s impressive growth, particularly in its exchange services, reflects a robust response to the market’s surge, as evidenced by Bitcoin surpassing the $100,000 milestone.
Exodus Movement recently disclosed fresh data about their digital assets and trading volume, all while Bitcoin reached a significant milestone of $100,000.
In my analysis, I’ve come across a recent disclosure from the company regarding their Q4 2024 financials. The data suggests a robust showing in their exchange service sector, as per the information shared with crypto news outlets.
As of December 11th, Exodus has amassed approximately 1,900 Bitcoins and 2,660 Ethereums. This represents a 100 Bitcoin boost to their reserves since the conclusion of Q3 2024.
James Gernetzke, our Chief Financial Officer, credits the platform’s impressive growth to the exchange aggregator, which handled unprecedented transactions during the past quarter, contributing significantly to our revenues. Exodus Movement Inc., a provider of self-custodial cryptocurrency wallets traded over-the-counter, aspires to go public on the New York Stock Exchange in the future.
Higher exchange volumes
From October 1st to November 30th, the trading volume managed by Exodus’s exchange aggregator amounted to a significant $1.26 billion. This is a notable jump compared to the total trading volume of $960 million processed throughout the third quarter of 2024.
Apart from making strides in their regulatory advancements, the company also emphasized that they have successfully passed the Securities and Exchange Commission’s review for their Form 10-12 registration statement. This achievement moves Exodus a step closer to realizing its ambition of trading on the New York Stock Exchange American Exchange.
Exodus primarily earns its income through Bitcoin and USDC (USDC). This financial service company offers a safe, decentralized platform that allows users to efficiently handle their digital assets without the need for third-party custody.
The statement comes after a time of increased action in the digital currency sector, driven largely by Bitcoin hitting a record high price. However, it’s important to note that the figures shared at this point are tentative and have not yet been audited. We will provide final results once our financial year-end reporting is complete.
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2024-12-12 20:34