Exodus Acquires Grateful, Reports Q3 2025 Growth
Exodus Movement, Inc. (NYSE: EXOD), a major player in the self-custodial crypto wallet space, has just shared its financial and operational update for Q3 2025, ending September 30. Alongside this, the company also announced a strategic acquisition aimed at expanding its footprint in the digital payments space.
**Acquisition of Grateful: Boosting Stablecoin Payments**
Exodus revealed it has acquired Grateful, a company focused on helping merchants accept stablecoin payments. This move is designed to reduce transaction fees, offer instant fund access, and provide returns on balances. Grateful’s platform is especially useful for merchants in emerging markets who often face high costs and delays in traditional payment systems.
JP Richardson, CEO and co-founder of Exodus, stated that the deal aligns perfectly with their mission to empower users and businesses by giving them more control over their financial transactions. The goal is to bring stablecoin advantages—like faster payments and lower fees—to people in underserved regions.
**Q3 2025 Financial and User Highlights**
Here are the key numbers from Exodus’ Q3 performance:
– **Exchange Volume**: $1.75 billion was processed through Exodus in Q3 2025. That’s an 82% increase from Q3 2024 and 27% higher than Q2 2025. Top assets traded included Bitcoin (16%), Tether on TRX and ETH networks (13% each), Ethereum (11%), USDC (6%), and Solana (6%).
– **Monthly Active Users (MAUs)**: 1.5 million as of September 30, 2025. This represents a slight dip of 6% compared to the same time last year.
– **Quarterly Funded Users**: Grew to 1.8 million, up 20% from 1.5 million a year ago, showing increased user engagement and trust in the platform.
– **Assets on Hand**: Exodus holds $314.7 million in digital and liquid assets. This includes:
– 2,123 Bitcoins worth $242.4 million
– 2,770 Ether worth $11.5 million
– $50.8 million in cash, USDC, and Treasury bills
– **Team Size**: The company has about 210 full-time employees, holding steady from the previous quarter.
– **Customer Support**: Exodus continues to provide strong service with an average response time of under 60 minutes.
James Gernetzke, CFO of Exodus, emphasized that acquiring Grateful will help accelerate the company’s expansion, especially in regions like Latin America where demand for stablecoin use is growing fast.
**Upcoming Events and Investor Access**
Exodus will share more insights during its Q3 earnings webcast on November 10 at 8:30 AM ET. Investors and interested parties can join via the company’s website at exodus.com/investors. Presentation materials will be available ahead of time, and a video replay will remain online for at least three months.
Additionally, Exodus will participate in two major upcoming fintech conferences:
– Cantor Crypto & AI/Energy Infrastructure Conference on November 11 in Miami, FL
– KBW Fintech Payments Conference on November 13 in New York City
**Stay Connected**
Investors can reach out via email at investors@exodus.com, while media inquiries can be sent to exodus@dlpr.com.
Exodus frequently shares important updates through its website (exodus.com/investors) and social media channels including X (@exodus and @jprichardson), Facebook, LinkedIn, and YouTube.
**Looking Ahead**
Exodus remains optimistic about the future of crypto payments and the broader adoption of digital assets. The company believes that integrating Grateful’s tech into its platform will enhance user experience and open new opportunities in global commerce—especially in regions currently underserved by traditional financial systems.
However, like all forward-looking plans, these are subject to market risks and conditions. Investors should stay informed by reviewing the company’s filings with the SEC for full context on potential challenges and growth outlooks.