Exodus to acquire Baanx and Monavate for $175m.

Exodus, a self-custodial cryptocurrency platform, agreed to acquire Baanx and Monavate, two established providers of card and payments infrastructure serving fintech, crypto, and enterprise clients, for $175m. “Today’s announcement is a major step in our mission to make self-custody and crypto payments practical for everyday life. People already trust Exodus to hold their dollar stablecoins and crypto. By bringing card and payments infrastructure in-house, we are closing the gap between holding and spending, and positioning Exodus as the only platform you need for your money," JP Richardson, Exodus Co-Founder and Chief Executive Officer.