Exodus Movement acquires Baanx US for $30M, enabling large-scale self-custodial payments.

Exodus Movement, a self-custodial cryptocurrency platform, has acquired all outstanding shares of Baanx US Corp. for $30 million, including $5 million upfront and $25 million deferred over four years. This acquisition marks a significant milestone for Exodus, unlocking the ability to offer self-custodial payment solutions at scale. The deal follows the recent acquisition of Monavate and represents a strategic expansion of Exodus's financial software services. Going forward, Exodus plans to integrate Baanx US into its platform and issue payment cards, enhancing its offerings for millions of users worldwide.