Exodus Movement, Inc. (NYSEAMERICAN:EXOD) reported on September 11 that August payment-processing gross transaction volume reached $356.8 million, up from $338.0 million in July. Monthly active cards declined to 757,900 from 783,600.
Separately, Web3 exchange-provider processed volume increased to $376.8 million from $314.8 million, while reported monthly active users remained at 1.4 million. The figures show stronger transaction activity alongside fewer active cards and a stable reported user count.
The question is whether that activity produces enough revenue to improve profitability while Exodus Movement, Inc. (NYSEAMERICAN:EXOD) integrates Monavate and reduces costs.
Payment growth persists after adjusting for currency translation. Exodus Movement, Inc. (NYSEAMERICAN:EXOD) converted sterling payment volumes into dollars using average rates of $1.35 per pound for August and $1.34 for July. Reversing those conversions implies approximately 4.8% growth in underlying sterling volume, compared with 5.6% in reported dollars. Both calculations use rounded disclosed figures.
Web3 exchange-provider volume increased approximately 19.7%. XO Swap partners contributed 23% of volume in both months. The unchanged reported share suggests both the partner channel and the remaining business contributed to growth.
#reported #exodus #nyseamerican
Separately, Web3 exchange-provider processed volume increased to $376.8 million from $314.8 million, while reported monthly active users remained at 1.4 million. The figures show stronger transaction activity alongside fewer active cards and a stable reported user count.
The question is whether that activity produces enough revenue to improve profitability while Exodus Movement, Inc. (NYSEAMERICAN:EXOD) integrates Monavate and reduces costs.
Payment growth persists after adjusting for currency translation. Exodus Movement, Inc. (NYSEAMERICAN:EXOD) converted sterling payment volumes into dollars using average rates of $1.35 per pound for August and $1.34 for July. Reversing those conversions implies approximately 4.8% growth in underlying sterling volume, compared with 5.6% in reported dollars. Both calculations use rounded disclosed figures.
Web3 exchange-provider volume increased approximately 19.7%. XO Swap partners contributed 23% of volume in both months. The unchanged reported share suggests both the partner channel and the remaining business contributed to growth.
#reported #exodus #nyseamerican
2 months ago
