HC Wainwright & Co. Reaffirms Buy Rating on Exodus Movement, Reduces Price Target to $25
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2025
0mins
Should l Buy EXOD?
Source: Benzinga
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Analyst Views on EXOD
Wall Street analysts forecast EXOD stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 10.190
Low
25.00
Averages
34.20
High
44.00
Current: 10.190
Low
25.00
Averages
34.20
High
44.00
About EXOD
Exodus Movement, Inc. offers a self-custodial cryptocurrency platform. The Company is principally engaged in the business of creating and distributing self-custodial wallets for digital assets. It has developed software called the Exodus Platform, that supports fungible cryptocurrency assets ledgered on public blockchains as well as non-fungible tokens ledgered on public blockchains. Users can access the services offered and performed by its application programming interface providers that allow users to engage in services, such as digital asset exchanging, fiat onboarding and staking products for over 21,000 digital assets. The products it offers directly through the Exodus Platform include storing, sending, and receiving digital assets through the wallet functionality. Its users can send digital assets by inputting a public blockchain address and an amount to transfer and are able to receive digital assets by providing the sending party with the users’ own public blockchain address.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Exodus Updates Digital Asset Holdings and Metrics
- Digital Asset Holdings Update: As of January 31, 2026, Exodus holds 1,694 BTC, a slight decrease from 1,704 BTC on December 31, 2025, indicating a cautious approach to asset allocation amid market volatility.
- Ethereum Holdings Change: Exodus' Ethereum holdings stand at 1,887 ETH as of January 31, 2026, down from 1,898 ETH on December 31, 2025, reflecting the company's flexibility and adaptability in digital asset management.
- Significant User Growth: Exodus reported 1.6 million monthly active users as of January 31, 2026, up from 1.5 million on December 31, 2025, marking a 6.67% increase that highlights the effectiveness of the company's user acquisition and retention strategies.
- Increased Trading Volume: In January 2026, Exodus processed $399 million in exchange volume, with $90 million (23%) coming from XO Swap partners, up from $360 million in December 2025, showcasing the company's ongoing growth potential in trading services.
See More
Exodus Clears Debt from W3C Acquisition, Maintains 1.5 Million Active Users
- Debt Clearance: Exodus fully paid off its debt to Galaxy Digital in December 2025, entering 2026 with a debt-free balance sheet, which reflects the company's disciplined capital management during a period of ongoing product expansion.
- Digital Asset Holdings Adjustment: As of December 31, 2025, Exodus held 1,704 BTC and 1,898 ETH, down from 1,902 BTC and 2,802 ETH at the end of November, indicating the company's strategic asset adjustment in response to market fluctuations.
- Stable User Engagement: Exodus maintained 1.5 million monthly active users as of December 2025, demonstrating a resilient and loyal customer base that continues to engage with the platform across varying market cycles.
- Volume Fluctuation: In December 2025, Exodus processed $360 million in exchange volume, with $75 million (21%) from XO Swap partners, down from $549 million in November, highlighting the impact of changing market conditions on trading activity.
See More
Exodus Partners with MoonPay to Launch USD-Backed Stablecoin
- Stablecoin Launch: Exodus has partnered with MoonPay to introduce a fully reserved USD-backed stablecoin, aimed at enhancing user convenience and security in digital asset transactions across the Exodus ecosystem.
- Payment Experience Innovation: The new stablecoin will support Exodus Pay, allowing users to spend and send money using stablecoins, simplifying the understanding of cryptocurrency for non-expert users and potentially attracting a broader audience.
- Global Distribution Network: The stablecoin will be available through MoonPay's global distribution network, including buy, sell, swap, and checkout functionalities, which is expected to enhance real-world utility for users and merchants, thereby expanding Exodus' payments ecosystem.
- Infrastructure Integration: This collaboration leverages M0's open stablecoin infrastructure, enabling enterprises to quickly launch application-specific digital dollars, thereby strengthening Exodus' competitive edge and market adaptability in the stablecoin sector.
See More
Exodus Partners with MoonPay to Launch USD-Backed Stablecoin
- Stablecoin Partnership: Exodus collaborates with MoonPay to launch a fully reserved USD-backed stablecoin, aimed at enhancing user convenience and security in digital asset transactions across the Exodus ecosystem.
- Payment Experience Upgrade: The newly introduced Exodus Pay will allow users to make everyday payments using stablecoins, which is expected to attract more users and enhance customer loyalty, thereby driving the expansion of Exodus' payments ecosystem.
- Global Distribution Network: The stablecoin will be available through MoonPay's global distribution network, supporting various functionalities such as buying, selling, swapping, and depositing, which will provide broad utility and access opportunities for users and merchants.
- Technological Infrastructure: M0's open stablecoin infrastructure will support the issuance and management of the stablecoin, ensuring enterprises can quickly launch application-specific digital dollars, thereby enhancing market competitiveness.
See More
Exodus Updates Digital Asset Holdings; Monthly Active Users Reach 1.5 Million
- Digital Asset Holdings Update: As of November 30, 2025, Exodus holds 1,902 BTC, down 245 from October, indicating a strategic adjustment in asset allocation while 1,116 BTC pledged as collateral enhances financing capabilities.
- Ethereum Holdings Increase: The Ethereum (ETH) holdings rose to 2,802 as of November 30 from 2,784 in October, reflecting stability in digital asset investments that may support future strategic acquisitions.
- User Activity Decline: Monthly Active Users (MAUs) decreased to 1.5 million as of November 30 from 1.6 million in October, highlighting increased market competition and the need for Exodus to implement strategies to improve user retention and engagement.
- Transaction Volume Decline: In November 2025, Exodus processed $549 million in exchange volume, down from $683 million in October, with $200 million (36%) from XO Swap partners, indicating a need for enhanced marketing efforts to regain growth momentum.
See More
Exodus Updates Digital Asset Holdings, Reaches 1.5 Million Monthly Active Users
- Digital Asset Holdings Update: As of November 30, 2025, Exodus holds 1,902 BTC, down from 2,147 BTC in October, indicating a strategic adjustment in asset allocation that may impact future liquidity management.
- Ethereum Holdings Increase: The company increased its Ethereum (ETH) holdings to 2,802 from 2,784 in October, reflecting proactive efforts to diversify its asset portfolio, which aims to enhance its competitive position in the market.
- User Engagement Decline: Monthly Active Users (MAUs) decreased to 1.5 million in November from 1.6 million in October, highlighting potential retention challenges amid increasing market competition, necessitating measures to improve user experience.
- Volume Fluctuations: The processed exchange volume for November was $549 million, with $200 million (36%) from XO Swap partners, down from $683 million in October, indicating market activity volatility that could affect revenue expectations.
See More
Exodus Updates Digital Asset Holdings and Metrics
- Digital Asset Holdings Update: As of January 31, 2026, Exodus holds 1,694 BTC, a slight decrease from 1,704 BTC on December 31, 2025, indicating a cautious approach to asset allocation amid market volatility.
- Ethereum Holdings Change: Exodus' Ethereum holdings stand at 1,887 ETH as of January 31, 2026, down from 1,898 ETH on December 31, 2025, reflecting the company's flexibility and adaptability in digital asset management.
- Significant User Growth: Exodus reported 1.6 million monthly active users as of January 31, 2026, up from 1.5 million on December 31, 2025, marking a 6.67% increase that highlights the effectiveness of the company's user acquisition and retention strategies.
- Increased Trading Volume: In January 2026, Exodus processed $399 million in exchange volume, with $90 million (23%) coming from XO Swap partners, up from $360 million in December 2025, showcasing the company's ongoing growth potential in trading services.
See More
Exodus Clears Debt from W3C Acquisition, Maintains 1.5 Million Active Users
- Debt Clearance: Exodus fully paid off its debt to Galaxy Digital in December 2025, entering 2026 with a debt-free balance sheet, which reflects the company's disciplined capital management during a period of ongoing product expansion.
- Digital Asset Holdings Adjustment: As of December 31, 2025, Exodus held 1,704 BTC and 1,898 ETH, down from 1,902 BTC and 2,802 ETH at the end of November, indicating the company's strategic asset adjustment in response to market fluctuations.
- Stable User Engagement: Exodus maintained 1.5 million monthly active users as of December 2025, demonstrating a resilient and loyal customer base that continues to engage with the platform across varying market cycles.
- Volume Fluctuation: In December 2025, Exodus processed $360 million in exchange volume, with $75 million (21%) from XO Swap partners, down from $549 million in November, highlighting the impact of changing market conditions on trading activity.
See More
Exodus Partners with MoonPay to Launch USD-Backed Stablecoin
- Stablecoin Launch: Exodus has partnered with MoonPay to introduce a fully reserved USD-backed stablecoin, aimed at enhancing user convenience and security in digital asset transactions across the Exodus ecosystem.
- Payment Experience Innovation: The new stablecoin will support Exodus Pay, allowing users to spend and send money using stablecoins, simplifying the understanding of cryptocurrency for non-expert users and potentially attracting a broader audience.
- Global Distribution Network: The stablecoin will be available through MoonPay's global distribution network, including buy, sell, swap, and checkout functionalities, which is expected to enhance real-world utility for users and merchants, thereby expanding Exodus' payments ecosystem.
- Infrastructure Integration: This collaboration leverages M0's open stablecoin infrastructure, enabling enterprises to quickly launch application-specific digital dollars, thereby strengthening Exodus' competitive edge and market adaptability in the stablecoin sector.
See More
Exodus Partners with MoonPay to Launch USD-Backed Stablecoin
- Stablecoin Partnership: Exodus collaborates with MoonPay to launch a fully reserved USD-backed stablecoin, aimed at enhancing user convenience and security in digital asset transactions across the Exodus ecosystem.
- Payment Experience Upgrade: The newly introduced Exodus Pay will allow users to make everyday payments using stablecoins, which is expected to attract more users and enhance customer loyalty, thereby driving the expansion of Exodus' payments ecosystem.
- Global Distribution Network: The stablecoin will be available through MoonPay's global distribution network, supporting various functionalities such as buying, selling, swapping, and depositing, which will provide broad utility and access opportunities for users and merchants.
- Technological Infrastructure: M0's open stablecoin infrastructure will support the issuance and management of the stablecoin, ensuring enterprises can quickly launch application-specific digital dollars, thereby enhancing market competitiveness.
See More
Exodus Updates Digital Asset Holdings; Monthly Active Users Reach 1.5 Million
- Digital Asset Holdings Update: As of November 30, 2025, Exodus holds 1,902 BTC, down 245 from October, indicating a strategic adjustment in asset allocation while 1,116 BTC pledged as collateral enhances financing capabilities.
- Ethereum Holdings Increase: The Ethereum (ETH) holdings rose to 2,802 as of November 30 from 2,784 in October, reflecting stability in digital asset investments that may support future strategic acquisitions.
- User Activity Decline: Monthly Active Users (MAUs) decreased to 1.5 million as of November 30 from 1.6 million in October, highlighting increased market competition and the need for Exodus to implement strategies to improve user retention and engagement.
- Transaction Volume Decline: In November 2025, Exodus processed $549 million in exchange volume, down from $683 million in October, with $200 million (36%) from XO Swap partners, indicating a need for enhanced marketing efforts to regain growth momentum.
See More
Exodus Updates Digital Asset Holdings, Reaches 1.5 Million Monthly Active Users
- Digital Asset Holdings Update: As of November 30, 2025, Exodus holds 1,902 BTC, down from 2,147 BTC in October, indicating a strategic adjustment in asset allocation that may impact future liquidity management.
- Ethereum Holdings Increase: The company increased its Ethereum (ETH) holdings to 2,802 from 2,784 in October, reflecting proactive efforts to diversify its asset portfolio, which aims to enhance its competitive position in the market.
- User Engagement Decline: Monthly Active Users (MAUs) decreased to 1.5 million in November from 1.6 million in October, highlighting potential retention challenges amid increasing market competition, necessitating measures to improve user experience.
- Volume Fluctuations: The processed exchange volume for November was $549 million, with $200 million (36%) from XO Swap partners, down from $683 million in October, indicating market activity volatility that could affect revenue expectations.
See More
