EXOD Sees Increase in Swap and Transaction Volumes: What’s Next for the Stock?
Exodus Movement Growth: Exodus Movement has experienced significant growth, with a 51% increase in revenues year-over-year and an 82% rise in swap volume in Q3 2025, driven by increased trading activity and a successful partner strategy that added 16 new partners.
Market Expansion and Financial Health: The company is entering the stablecoin payments market through the Grateful acquisition, allowing for lower transaction fees and instant merchant settlements, while maintaining a robust balance sheet with $315 million in digital assets and no debt.
Competitive Landscape: Exodus faces competition from established players like Coinbase, PayPal, and Robinhood, which offer similar self-custodial wallet solutions and crypto trading services, potentially impacting its market share.
Valuation and Future Outlook: Despite a 48.4% decline in share value over the past year, Exodus is trading at a lower price-to-book ratio compared to the industry average, with a Zacks Consensus Estimate indicating a modest earnings growth of 3.5% for 2025.
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Ripple and Coinbase Invest $75 Million in Fairshake Amid Legislative Dispute
- Super PAC Fundraising: Fairshake announced it raised $193 million for the 2026 midterms, making it one of the best-funded political forces in the U.S., with Ripple and Coinbase each contributing $25 million, highlighting their commitment to the future of the crypto industry.
- Legislative Disagreement: Despite Ripple and Andreessen Horowitz supporting the crypto market structure bill, Coinbase CEO Brian Armstrong opposed the bill just before the Senate vote, leading to a postponement and reflecting deep divisions within the industry.
- Effective Fund Utilization: Fairshake spent over $100 million in the 2024 elections, with nearly all supported candidates winning, demonstrating the effectiveness of its funding strategy, which could influence outcomes in the 2026 elections.
- Urgent Legislative Timeline: As summer approaches, lawmakers typically shift focus to midterm campaigns, narrowing the window for comprehensive legislation; if the bill fails, Fairshake will leverage its $193 million war chest to support legislative attempts in 2027.

U.S. Senate Advances Cryptocurrency Legislation
- Legislative Progress: The U.S. Senate Committee on Agriculture, Nutrition, and Forestry voted 12-11 to advance cryptocurrency market structure legislation, bringing the bill closer to establishing a federal regulatory framework for digital assets, which is seen as a pivotal move for U.S. leadership in global crypto innovation.
- White House Support: White House AI and Crypto Czar Sacks confirmed the committee's action on social media, thanking Chairman John Boozman for his leadership, stating that this progress brings the U.S. closer to becoming the crypto capital of the world, reflecting the government's commitment to the crypto industry.
- Bipartisan Cooperation Commitment: Despite the partisan vote, Sacks noted that several Democratic members pledged support for the final legislation, indicating potential bipartisan collaboration in crypto legislation, particularly highlighting Senator Cory Booker's role in advancing the initiative.
- Industry Response: Ripple CEO Brad Garlinghouse emphasized the importance of clear legislation, asserting that the bill is crucial for crypto entrepreneurs as digital assets become increasingly integrated into the global financial infrastructure, with industry leaders increasingly calling for regulatory clarity.






