Exodus Begins OTCQB Trading, Previews 2023 Results, Additional Board Members

OMAHA, Neb., Jan. 30, 2024 (GLOBE NEWSWIRE) --  Exodus Movement, Inc. (OTCQB:EXOD), (“Exodus”), the leading self-custodial cryptocurrency software platform, announces a preview of its 2023 full-year results, the addition of two new independent directors to its Board of Directors, and that its Class A shares have begun trading on OTC Markets’ OTCQB stock market. Keefe, Bruyette & Woods, A Stifel Company, acted as exclusive financial advisor.

Exodus announced selected results as of December 31, 2023.
Monthly Active Users: 906,844
Q4 2023 Downloads: 682,338
Q4 2023 Swap Volume: $854.4 million

CFO James Gernetzke added, “2023 ended strongly across the business. As such, we are raising the 2023 expected revenue range from between $51-54 million to $54-57 million. In addition, the price improvements through Q4 2023 in both Bitcoin and Ethereum have significantly increased the value of our already robust treasury. We are well positioned for 2024 with January volumes and Monthly Active Users maintaining Q4 levels. We are excited about what 2024 holds for Exodus, our users, and the digital asset industry.”

Finally, Exodus welcomes two more independent members of our Board of Directors:

Tyler Skelton, current Head of Finance for Gemini, joins our Board with a MS in Economics from the University of North Carolina at Charlotte. He previously served as the CFO - North America at Till Payments.

Carol MacKinlay, current Chief People Officer for Binance.us, joins our Board holding an MBA from the University of Southern California Marshall School of Business. She previously served as the Chief People Officer of UserTesting.

About Exodus

Exodus is on a mission to help half the world exit the traditional finance system. Founded in 2015, Exodus is a multi-asset software wallet that removes the geek requirement and keeps design a priority to make cryptocurrency and digital assets easy for everyone. Available for desktop, mobile and browser, Exodus allows users to secure, manage and swap cryptocurrencies like Bitcoin, Ethereum, and more across an industry-leading 10,000+ asset pairs from a beautiful, easy-to-use wallet. The self-custodial functionality is encrypted locally on users' own devices, ensuring privacy, security and complete control over their wealth. For more info visit exodus.com.