Exodus Movement Now Accepts Fiat Currency from Bank Accounts

Exodus Movement, Inc. (tZERO and Securitize ATS:EXOD), a non-custodial wallet, has announced that it now accepts fiat transfers from bank accounts to purchase cryptocurrency via its mobile app.

Exodus is the first-ever issuer to raise the maximum amount allowable under the Reg A+ exemption. In 2021, Exodus raised $75 million from both accredited and non-accredited investors.

JP Richardson, CEO and co-founder of Exodus, said they envision a future where everyone can participate in DeFi without any barriers to entry:

“The on-ramp, powered by Ramp Network, facilitates an effortless exchange of fiat currencies like US Dollars for cryptocurrency all within Exodus mobile. Customers can now buy cryptocurrency using their bank accounts within our beautifully designed platform, making the world of crypto increasingly accessible.”

Exodus users may now exchange USD, EUR, or GBP for over 25 cryptocurrencies within Exodus mobile.

Last March, Exodus revealed its fiscal 2021 results for the fourth quarter and full year ended December 31, 2021. Exodus reported fourth quarter revenue of $26.4 million, an increase of 247% year-over-year from Q4 2020, and full-year revenue of $95.8 million, an increase of 350% as compared to 2020.

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