Encrypted wallet service provider Exceldus net loss of $18.6 million in second quarter

On 11 August, according to AP News, the United States share-listed encrypted wallet service, Exodus Movement, published performance for the second quarter of 2026, with a net loss of $18.6 million for the quarter and a net profit of $37.7 million for the same period last year. The company completed its acquisition of Monavate and Baanx on 1 May 2026, increasing the payment infrastructure to expand the financial services product line. Monthly active users declined by 6.7 to 1.4 million and quarterly funded users by 7.1 to 1.3 million. Total exchange declined by 8.3 per cent to $1.1 billion. The acquired entities processed $600 million in transactions through 1.1 million active cards during the quarter. During the quarter, Exceldus announced cooperation with UFC as its first official payment partner and with Latin American stream media service providers DGO and SKY+ for stable currency subscription payments。