Exodus Movement, a cryptocurrency wallet firm, has announced the acquisition of W3C Corp, the parent company of Baanx and Monavate, for $175 million. This strategic move, involving cash and financing from Galaxy Digital secured by Exodus' Bitcoin holdings, aims to enhance Exodus' crypto payments infrastructure. Baanx and Monavate are known for their collaborations with Visa, Mastercard, and MetaMask on crypto cards and Web3 payments.
The acquisition will enable Exodus to manage the entire payments process, from wallets to cards, and expand its operations across the U.S., UK, and EU. The transaction is anticipated to be finalized in 2026, marking a significant step in Exodus' efforts to broaden its geographic and service reach in the crypto payments sector.
Exodus Acquires Baanx and Monavate for $175M to Boost Crypto Payments
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