Cryptowallet service provider Exodus had a net loss of $18.6 million in the second quarter

On August 11, according to APNews, ExodusMovement, a US-listed crypto wallet service provider, announced its second-quarter 2026 results. The company had a net loss of US$18.6 million for the quarter and a net profit of US$37.7 million for the same period last year. The company completed its acquisitions of Monavate and Baanx on May 1, 2026, adding payment infrastructure to expand its financial services product line. Monthly active users fell 6.7% to 1.4 million, and quarterly sponsored users fell 7.1% to 1.3 million. Total exchange volume fell 8.3% to US$1.1 billion. Acquired entities processed $600 million in transactions through 1.1 million active cards during the quarter. During the quarter, Exodus announced a partnership with UFC, becoming its first official payment partner, and a stablecoin subscription payment cooperation with Latin American streaming service providers DGO and SKY.