MoonPay and Exodus Offer XO Cash Signing Bonuses to X Games Athletes
MoonPay and Exodus Movement announced that athletes selected in the X Games inaugural Summer Draft will receive signing bonuses paid in XO Cash, Exodus' new USD-backed stablecoin. 40 drafted athletes will each receive $2,500 in XO Cash instantly deposited into their Exodus Wallets, in one of the earliest instances of professional athletes being awarded signing bonuses in stablecoins. XO Cash is a fully reserved, USD-backed stablecoin issued and managed by MoonPay and built on M0's open stablecoin infrastructure. The stablecoin will also serve as a liquidity layer for Exodus Pay, a self-custodial payments platform set to launch in Q2 which will allow users the ability to make instant payments, spend with a card, earn rewards, and access everyday money tools. In addition to their signing bonuses, athletes will receive a custom MoonPay XGL Exodus Card connected directly to their Exodus accounts, giving them immediate access to their funds to spend anywhere in the world.
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- Earnings Beat: Exodus Movement Inc reported Q4 earnings of $0.36 per share, surpassing the analyst consensus estimate of $0.12, indicating strong profitability despite sales challenges.
- Sales Miss: The company reported quarterly sales of $29.5 million, falling short of the analyst consensus estimate of $30.219 million, highlighting potential market demand issues that could impact future growth.
- Stock Price Surge: Following the earnings announcement, Exodus Movement shares rose by 15.3% to $9.24, reflecting investor optimism regarding the earnings beat, even as sales fell short of expectations.
- Analyst Target Adjustments: Analysts from BTIG and Benchmark maintained a Buy rating on the stock but lowered their price targets from $30 and $42 to $20 and $21 respectively, indicating a cautious outlook on future performance.
- Innovative Signing Bonuses: In the inaugural MoonPay XGL Summer Draft, 40 athletes will receive $2,500 each in XO Cash signing bonuses, marking a pioneering instance of professional athletes being awarded bonuses in stablecoins, enhancing their financial management flexibility.
- Stablecoin Utilization: XO Cash is a fully reserved, USD-backed stablecoin issued by MoonPay, designed to serve as a liquidity layer for Exodus Pay, which is set to launch in Q2, allowing users to make instant payments and use a spending card, thereby enhancing user payment experiences.
- Global Payment Convenience: Athletes will receive a custom MoonPay XGL Exodus Card directly linked to their Exodus accounts, enabling them to access funds instantly anywhere in the world, thus improving convenience and efficiency in cross-border payments for athletes.
- Convergence of Digital Assets and Athlete Compensation: This collaboration not only highlights the growing integration of digital assets with athlete compensation but also reflects MoonPay's commitment to modernizing athlete pay, further driving innovation and development in the sports industry.
- Strategic Shift: CEO J. Richardson emphasized that 2025 is the most consequential year in Exodus's history as the company transitions from a speculation-driven model to a payments-focused business, aiming to create revenue streams that are not dependent on cryptocurrency price fluctuations, thereby enhancing market stability.
- Product Integration: The launch of Exodus Pay integrates banking, payments, and investing into a single app, allowing users to send, spend, invest, and earn from one interface, which enhances user experience and increases customer loyalty.
- Financial Performance: Although Q4 revenue was $29.5 million, down 34% year-over-year, the full-year revenue reached $121.6 million, up 5%, indicating underlying growth potential amidst market volatility, particularly with a 21% increase in full-year swap volume to $6.89 billion.
- Future Outlook: Management plans to close the W3C acquisition in 2026 and is focusing on expanding recurring revenue streams not tied to crypto trading, especially through payments and B2B infrastructure, to navigate industry volatility and lay the groundwork for future growth.
- Revenue Decline: Exodus Movement reported Q4 revenue of $29.5 million, a 34.2% year-over-year decline that missed expectations by $1.18 million, indicating significant competitive pressures in the market.
- Asset Holdings: As of February 28, 2026, Exodus held $161.6 million in digital and liquid assets, including $149.2 million in Bitcoin and $5.6 million in Ether, reflecting the company's strategic positioning in the digital asset landscape.
- User Growth: The monthly active users reached 1.6 million as of February 2026, up from 1.5 million at year-end, suggesting progress in user acquisition and retention strategies.
- Transaction Volume: In February 2026, Exodus processed $435 million in transaction volume, with $99 million (23%) originating from XO Swap partners, highlighting the company's active role in the trading market and potential for future collaborations.
- 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.
- 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.







