Exodus Reports Mixed July Metrics: Payment Growth Offsets Crypto Trading Decline — Exodus Movement, Inc.

Event summary

Exodus reported stable monthly active users at 1.4 million for July, unchanged from June.
Cryptocurrency exchange swap volume declined 21% month-over-month to $314.8 million.
Payment processing services showed growth with unique active cards rising to 783.6 thousand (up 2.6%) and global transaction volume increasing 11.7% to $338.0 million.
B2B XO Swap Volume maintained 23% of total exchange swap volume for the second consecutive month.

The big picture

Exodus's July metrics reveal a divergence between its crypto trading and payment processing businesses. While cryptocurrency markets show signs of weakness, the company's payment services continue to grow, highlighting the strategic importance of its Monavate acquisition. This dual-track performance reflects broader industry trends where self-custodial finance platforms are increasingly diversifying revenue streams beyond volatile trading volumes.

What we're watching

Crypto Market Volatility: How sustained trading volume declines will impact Exodus's Web3 revenue streams.
Payment Growth Trajectory: Whether the acquired Monavate business can maintain its growth momentum.
B2B Integration: The pace at which Exodus can expand its B2B XO Swap Volume share beyond 23%.