Exodus Movement, Inc. launched Exodus Pay on April 9 2026, a self‑custodial payments platform that lets users spend, send, and manage USD‑backed stablecoins, Bitcoin, and other digital assets without relinquishing control of their private keys. The service is immediately available on iOS, Android, and desktop in Nebraska, Texas, Florida, New York, and California, with a full national rollout planned for the remainder of the month.
The launch marks a strategic pivot from a crypto swap aggregator to a payments infrastructure provider, aiming to generate recurring revenue from stablecoin transactions and capture interchange and transaction fees independent of Bitcoin’s price volatility. JP Richardson, co‑founder and CEO, said, "We spent a decade building a wallet that millions of people trust with their crypto. Now, we are creating the last financial app you will ever need, letting anyone pay with digital dollars, Bitcoin, and other borderless digital assets without ever leaving self‑custody."
Exodus reported record full‑year revenue of $121.6 million for 2025, but experienced a significant decline in Q4 2025 and a swing to net losses. The launch of Exodus Pay is intended to diversify revenue and reduce dependence on speculative trading fees. CFO James Gernetzke noted, "After record‑breaking 2025 earnings, Exodus Pay opens a revenue stream we've been building toward that is recurring, scalable, and fully ours."
The platform integrates directly into the existing Exodus wallet, allowing users to pay with digital dollars, Bitcoin, and other borderless assets at merchants that accept Visa or Mastercard. The integration with Visa and Mastercard (or Visa cards and Apple Pay) positions Exodus as one of the first consumer crypto products to launch under the new regulatory framework established by the GENIUS Act in July 2025.
As of March 31 2026, Exodus held 628 BTC, 1,857 ETH, and 17,541 SOL, reflecting continued growth in digital asset holdings despite a broader industry slowdown. Monthly active users were 1.5 million in March 2026, slightly down from 1.6 million in February, indicating a modest contraction amid market conditions.
Exodus plans to acquire W3C Corp, including Baanx and Monavate, for $175 million to gain full control over its payment stack—from wallet to spend card at the terminal—making it the only wallet to own end‑to‑end payment rails. Richardson added, "Everything we did in 2025 was in service of one goal, and that's creating more revenue streams, revenue streams that don't depend on where crypto trades tomorrow. We are becoming a payments company, one that serves people whether Bitcoin is at $30,000 or $130,000." He also said, "Exodus Pay makes it one. We're building the product that lets people send, spend, invest and earn from a single interface." Gernetzke noted, "March was one of the slowest trading months the industry has seen in over a year, and our volume reflects that. It's exactly why building a complete payments experience––through Exodus Pay for our customers, and across our partner network––is central to how we're diversifying revenue beyond market cycles."
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