Company Profile
| Parent Company | Exodus Movement, Inc. (self-owned, NYSE American: EXOD) |
|---|---|
| Ownership | Publicly traded (NYSE American: EXOD); founders JP Richardson (~43%) and Daniel Castagnoli (~44%) control majority voting power via dual-class shares; major shareholders include FTX Recovery Trust (19%), Bnk To The Future (13%), Erik Voorhees (10%) |
| Headquarters | Omaha, Nebraska, USA |
| Founded | 2015 |
| Founders | JP Richardson (co-founder, programmer), Daniel Castagnoli (co-founder, designer) |
| CEO / Leadership | CEO: Jon Paul (JP) Richardson; CFO: James Gernetzke; CTO: Matias Olivera; Chief Legal Officer: Veronica McGregor |
| Employees | ~210 (as of Dec 2024) |
Funding and Valuation
| Funding | $60M equity tokenization offering (Apr 2021, crypto-only public offering); no traditional VC rounds identified |
|---|---|
| Revenue / Valuation | 2025 revenue: $121.6M (+5% YoY); Market cap: ~$242M (Mar 2026) |
Licensing and Regulation
No specific gaming/operating l... recent acquisitions (Baanx, Mo...
No specific gaming/operating licenses identified / recent acquisitions (Baanx, Monavate) add payment processing and regulatory capabilities (US, UK, EU)
Native Token
None (self-custodial wallet, no native token)
Regulatory History
$3.1M OFAC fine (Dec 2025) for 254 Iran sanctions violations (2017-2019), including advising VPN use
Security Track Record
- No company-side hacks
- user reports of drained wallets due to malware/phishing (e.g., npm supply chain attacks targeting Exodus in 2025)
- self-custodial nature means users control keys
| Proof of Reserves | Not applicable (self-custodial non-custodial wallet; company publishes corporate treasury holdings, e.g., BTC/ETH/SOL) |
|---|
Sister Brands
Subsidiaries: 3ZERO LLCrecent acquisitions: W3C Corp (incl. Baanx, Monavate for payments/cards)
Key Events
2015
Founded
2021
$60M crypto equity offering, first public listing (EXOD)
2025
Acquired W3C/Baanx/Monavate ($175M)
Trump White House summit invite (Mar)
Q4 treasury incl. BTC/ETH/SOL
2026
Debt-free post-credit repayment