Exodus Movement acquires Baanx US Corp. shares for $30M, expanding self-custodial crypto 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 step for Exodus, enabling large-scale self-custodial payment solutions and advancing its platform capabilities. The deal completes the integration of Baanx and Monavate, positioning Exodus for growth in crypto payments and financial services.