Exodus Movement Inc. Stock Analysis EXOD

Exodus Movement, Inc. develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company is headquartered in Omaha, Nebraska and currently employs 215 full-time employees. The company went IPO on 2021-09-15. The firm is principally engaged in the business of creating and distributing self-custodial wallets for digital assets. The company has developed software called the Exodus Platform, that supports fungible cryptocurrency assets ledgered on public blockchains as well as non-fungible tokens ledgered on public blockchains. Users can access the services offered and performed by its application programming interface providers that allow users to engage in services, such as digital asset exchanging, fiat onboarding and staking products for over 21,000 digital assets. The products it offers directly through the Exodus Platform include storing, sending, and receiving digital assets through the wallet functionality. Its users can send digital assets by inputting a public blockchain address and an amount to transfer and are able to receive digital assets by providing the sending party with the users’ own public blockchain address.