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StoneX Says Exodus Payments Growth Offsets Crypto Wallet Slowdown
(2 hours ago) · 1 source · Summarized by CryptoBipto
Financial services firm StoneX has noted that Exodus, a crypto wallet provider, is experiencing a slowdown in its core crypto wallet business but is offsetting this through growth in its payments segment. StoneX described the company's cost restructuring as genuine, suggesting improved financial discipline. The analysis highlights a shift in Exodus's revenue mix away from pure crypto wallet activity.
WHY IT MATTERS
A crypto wallet is software that lets you manage your cryptocurrency, similar to a banking app for digital assets.
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SOURCES
- theblock.co
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Crypto WalletsPaymentsBusiness DiversificationExodus