Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi（新）
GUSD（纯图）
Rewards
Square
Latest
Hot
News
Profile

Crypto wallet company Exodus lays off 25%, betting on the stablecoin payments track

DeepFlowTech
robot
Abstract generation in progress
Deep Tide TechFlow news. On July 20, according to CoinDesk, the crypto wallet company Exodus Movement (EXOD) announced it would lay off about 25% of its employees worldwide. The layoffs are part of its strategic transition—the company is shifting its business focus to stablecoin payments and card infrastructure, aiming to build an end-to-end payments platform. The reorganization is expected to generate pre-tax costs of between $2.5 million and $3.5 million, mainly for severance and employee-related expenses. It also expects to save $10 million to $13 million in operating costs per year, with the full benefits to be realized in 2027. Against this backdrop, Exodus is continuing to integrate two acquired units: e-money institution Monavate and crypto payments company Baanx. EXOD’s share price rose 2.2% in Monday’s early trading, but is still down about 85% compared with the same period last year.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap