Exodus reported quarterly revenue of approximately $32.5 million, up 7% year over year, but recorded a net loss of about $8.3 million compared with a net profit of $17 million a year earlier. The company has around 1.4 million monthly active users, 1.4 million quarterly funded users and $1.1 billion in quarterly swap volume. It is expanding into payment services and card infrastructure through arrangements involving Baanx and Monavate, with around 1.6 million active cards cited. The strategy creates new revenue opportunities but also raises administrative, integration, compliance, fraud-control and payment-operation costs.
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