Exodus, a leading self-custodial cryptocurrency platform, will acquire W3C Corp, including payments providers Monavate and Baanx, for $175 million, giving it full ownership of card-issuing, processing, and regulatory infrastructure to support on-chain payments. By integrating this stack directly into its self-custodial wallet ecosystem, Exodus aims to reduce reliance on third parties, expand stablecoin payment capabilities, and issue cards across Visa, Mastercard, and Discover in the US, UK, and EU. The deal, funded through cash and a Bitcoin-backed credit facility with Galaxy Digital, positions Exodus to build diversified, recurring revenue streams and become a major player in crypto-to-real-world payments.

Exodus Enters Next Phase as a Crypto Payments Company With Agreement to Acquire W3C Corp, and its Subsidiaries Baanx and Monavate