Crypto Wallet Provider Exodus Seals ‘Double Acquisition’ for $175 Million
Quick take:
- The $175 million purchase is comprised of cash on hand and financing from Galaxy Digital secured using Exodus’s Bitcoin holdings.
- The acquisition allows Exoducs to issue crypto payment cards through the likes of Visa, Mastercard, and Discover.
- Baanx and Monovate have already been working with the three card service providers that develop crypto cards.
Bitcoin and crypto wallet service provider, Exodus Movement (NYSEAmerica: EXOD), announced the acquisition of W3C for $175 million, the parent organization of the crypto card and payments companies Baanx and Monovate.
According to the announcement, the acquisition is comprised of cash on hand and financing from Galaxy Digital secured using Exodus’s…
