Exodus closes Monavate and Baanx deals to expand self-custody payments

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Exodus said it closed the Monavate and Baanx UK acquisitions, part of a roughly $175 million deal to build an on-chain payments stack. The company said the assets let Exodus issue and process cards directly, and Exodus Pay is now live in all 50 states. Preliminary first-quarter results showed revenue fell to $22.7 million from $36.0 million a year earlier.

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