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Crypto wallet provider Exodus reports wider Q1 loss as revenue falls 37%

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The Block Editorial
(09:20 AM UTC)
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EW
Reviewed byEmily Watson
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Self-custody crypto wallet company ​​Exodus Movement reported wider losses in the first quarter of this year, with revenue declining amid a broader market pullback.

Exodus generated $22.7 million in revenue in Q1, down 37% year over year, according to its earnings report released Monday. The revenue decline was "primarily driven by exchange aggregation revenue," which fell 40.8%, the company said…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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