Exodus Movement, Inc. Expands Merchant Services in Latin America with Acquisition of Grateful

Exodus acquires Grateful to enhance merchant services in Latin America, offering lower fees and improved digital payment solutions.

Quiver AI Summary

Exodus Movement, Inc. has announced its acquisition of Grateful, a Uruguay-based payments orchestrator that facilitates lower transaction fees and immediate fund access for merchants using stablecoins. This acquisition aims to enhance Exodus' merchant services capabilities in Latin America, particularly benefiting small businesses and independent workers by offering a comprehensive payments platform that includes tools for invoicing, recurring payments, and QR-based transactions. JP Richardson, CEO of Exodus, emphasized the importance of this acquisition in providing equal access to digital payments in emerging markets, enabling faster and cheaper transactions through Grateful’s technology. The integration of Grateful’s features with Exodus’ existing wallets is expected to be seamless, further solidifying the company's commitment to empowering users in the digital payments economy.

Potential Positives

Acquisition of Grateful enhances Exodus' merchant services capabilities in Latin America, positioning the company to better serve the growing gig and creator economy in emerging markets.
Grateful's platform offers lower fees, instant access to funds, and yield on balances, which could attract more users to Exodus' ecosystem.
The integration of Grateful's technology is expected to be smooth, allowing for a swift deployment across Exodus’ existing products and services.
Exodus reinforces its commitment to making digital payments accessible and secure for consumers and merchants in emerging markets, aligning with its mission of empowering individuals with financial technology solutions.

Potential Negatives

Potential integration challenges with Grateful’s technology may arise, affecting operational efficiency and merchant satisfaction.
The announcement does not include any financial specifics regarding the acquisition, which may raise concerns about the company's financial health or the strategic value of the investment.
Absence of immediate updates on how the acquisition will impact existing customers could lead to uncertainty among current users regarding the benefits of the merger.

FAQ

What is the recent acquisition by Exodus?

Exodus has acquired Grateful, a payments orchestrator based in Uruguay, enhancing its merchant services in Latin America.

How does Grateful's platform benefit merchants?

Grateful's platform offers lower fees, instant access to funds, and the ability to earn yields on balances, empowering merchants significantly.

What services does Grateful provide?

Grateful provides tools such as a merchant dashboard, wallet-to-wallet payments, QR-based point-of-sale capabilities, and ecommerce checkout integrations.

Why is this acquisition important for Latin America?

The acquisition aims to expand digital payments access and support the growth of the gig and creator economy in emerging markets.

When will Exodus release its third quarter financial results?

Exodus will release its third quarter financial results on November 10, 2025, along with a webcast for company updates.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$EXOD Insider Trading Activity

$EXOD insiders have traded $EXOD stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $EXOD stock by insiders over the last 6 months:

MATIAS OLIVERA (Chief Technology Officer) sold 4,887 shares for an estimated $205,254
JAMES GERNETZKE (Chief Financial Officer) sold 800 shares for an estimated $32,600

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$EXOD Hedge Fund Activity

We have seen 6 institutional investors add shares of $EXOD stock to their portfolio, and 3 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

VANGUARD GROUP INC removed 28,457 shares (-6.9%) from their portfolio in Q3 2025, for an estimated $790,535
ALPS ADVISORS INC added 16,080 shares (+inf%) to their portfolio in Q3 2025, for an estimated $446,702
HUSSMAN STRATEGIC ADVISORS, INC. added 8,400 shares (+inf%) to their portfolio in Q3 2025, for an estimated $233,352
HENNION & WALSH ASSET MANAGEMENT, INC. added 7,540 shares (+inf%) to their portfolio in Q3 2025, for an estimated $209,461
CANNON GLOBAL INVESTMENT MANAGEMENT, LLC removed 4,400 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $126,851
FLOYD FINANCIAL GROUP LLC removed 3,032 shares (-8.0%) from their portfolio in Q3 2025, for an estimated $84,228
STATE OF WYOMING added 2,091 shares (+inf%) to their portfolio in Q3 2025, for an estimated $58,087

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$EXOD Analyst Ratings

Wall Street analysts have issued reports on $EXOD in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Cantor Fitzgerald issued a "Overweight" rating on 08/15/2025

To track analyst ratings and price targets for $EXOD, check out Quiver Quantitative's $EXOD forecast page.

Full Release

Acquisition of Uruguay-based payments orchestrator strengthens Exodus’ merchant services capabilities in Latin America

Grateful’s platform enables for lower fees, instant access to funds, yield on balances

OMAHA, Neb. and MONTEVIDEO, Uruguay, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Exodus Movement, Inc . (NYSE American: EXOD) ("Exodus" or “the company”), a leading self-custodial cryptocurrency platform, today announced it has agreed to acquire Grateful , a stablecoin payments orchestrator for merchants enabling lower fees, instant access to funds and yields on balances.

Founded in Uruguay, Grateful empowers small businesses and independent workers to accept and manage digital payments seamlessly through stablecoins. Grateful provides a blockchain-native payments stack featuring the full suite of tools needed for merchants to access the digital payments economy, including a merchant dashboard, wallet-to-wallet payments, offramping, QR-based point-of-sale capabilities and ecommerce checkout integrations.

“Grateful is a natural complement for our efforts to expand access to digital payments and cryptocurrency in Latin America. The gig and creator economy is rapidly growing in emerging markets and stablecoin-based payment rails allow for important tools such as invoicing, recurring payments and on-chain settlements,” commented JP Richardson, Co-Founder and CEO of Exodus.

“By pairing Grateful’s platform with our innovative and industry-leading self-custodial wallets, users will benefit from full ownership of their hard-earned funds and access to faster, cheaper and borderless transactions. Consumers and merchants in emerging markets deserve equal access to the benefits of the ongoing digital payments revolution and Exodus is proud to maintain our role in serving their needs.” Mr. Richardson added.

Grateful’s technology is a seamless addition to Exodus’ current products, which are built to support multichain development on leading blockchains including Polygon, Optimism, Base, Arbitrum, and Solana. Exodus anticipates a smooth integration of Grateful into existing wallets and deployment of Grateful technologies across Exodus’ current technology stack.

Exodus will provide a business update and release its third quarter financial results on Monday, November 10, 2025. An earnings conference webcast will be held this morning at 8:30 AM ET during which company leadership will discuss the Grateful acquisition.

To access the webcast, please use this link . It will also be available on the Company’s website www.exodus.com . Supplementary materials will also be made available prior to the webcast on the “Investor Relations” portion of the Company website.

About Exodus

Exodus is a financial technology leader empowering individuals and businesses with secure, user-friendly crypto software solutions. Since 2015, Exodus has made digital assets accessible to everyone through its multi-asset crypto wallets prioritizing design and ease of use.

With self-custodial wallets, Exodus puts customers in full control of their funds, enabling them to swap, buy, and sell crypto. Its business solutions include Passkeys Wallet and XO Swap, industry-leading tools for embedded crypto wallets and swap aggregation.

Exodus is committed to driving the future of accessible and secure finance. Learn more at exodus.com or follow us on X at x.com/exodus .

Investor Contact
[email protected]

Media Contacts
Ryan Dicovitsky/Diana Bost, Dukas Linden Public Relations
[email protected]

Disclosure Information
Exodus may use its website and the following social media outlets as distribution channels of material nonpublic information about the Company. Financial and other important information regarding the Company is routinely accessible through and posted on the following websites exodus.com/investors and exodus.com/blog , and social media: X (@exodus and JP Richardson’s feed @jprichardson), Facebook, LinkedIn, and YouTube.