The encryption wallet provider Exodus has spent $175 million to acquire W3C Corp.

GateUser-6433627c · 2025-11-24T22:40:26+00:00

Exodus Movement has acquired W3C Corp for $175 million, the parent company of the encryption card and payment companies Baanx and Monavate, a move that will enhance Exodus's capabilities in hosted wallet and payment experiences.

GateUser-6433627c

2025-11-24 22:40:26

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[Cryptocurrency wallet provider Exodus invests $175 million to acquire W3C Corp] The U.S.-listed cryptocurrency wallet provider Exodus Movement (NYSE American: EXOD) announced the acquisition of W3C Corp, the parent company of cryptocurrency card and payment firms Baanx and Monavate, for $175 million. Exodus stated that the deal consists of “self-owned cash and financing provided by Galaxy Digital, secured by Exodus's Bitcoin Holdings.” Baanx and Monavate had previously collaborated with companies such as Visa, Mastercard, and MetaMask to develop encryption cards and self-custody Web3 payment services. Exodus pointed out that this acquisition makes it one of the “few self-custody wallets that can control the end-to-end payment experience, from wallet to card integration.”

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