Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2 By Cointelegraph
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Multichain wallet Exodus has released its financial results for the second quarter of 2023, disclosing revenue of $12.4 million, a 4% decrease year-over-year. Net income amounted to $1.9 million.
According to Exodus, its exchange aggregation business accounted for the majority of total revenue in the quarter, totaling $11.6 million. Fiat onboarding revenue rose 220% from 2022 to $561,000. The volume of exchange provider transactions in Q2 was $591.5 million, down 12% from Q2 2022. (BTC), (USDT), and Ether (ETH) were the top assets traded in the quarter, at 27%,16%, and 12% of volume, respectively.
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Multichain wallet Exodus has released its financial results for the second quarter of 2023, disclosing revenue of $12.4 million, a 4% decrease year-over-year. Net income amounted to $1.9 million.
According to Exodus, its exchange aggregation business accounted for the majority of total revenue in the quarter, totaling $11.6 million. Fiat onboarding revenue rose 220% from 2022 to $561,000. The volume of exchange provider transactions in Q2 was $591.5 million, down 12% from Q2 2022. (BTC), (USDT), and Ether (ETH) were the top assets traded in the quarter, at 27%,16%, and 12% of volume, respectively.
Continue Reading on Coin Telegraph
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