Crypto wallet provider Exodus acquires W3C Corp for $175 million
Jinse Finance reported that US-listed crypto wallet provider Exodus Movement (NYSE American: EXOD) announced the acquisition of W3C Corp, the parent company of crypto card and payment firms Baanx and Monavate, for $175 million. Exodus stated that the deal consists of "cash on hand and financing provided by Galaxy Digital, secured by Exodus's bitcoin holdings." Baanx and Monavate have previously partnered with companies such as Visa, Mastercard, and MetaMask to develop crypto card and self-custody Web3 payment services. Exodus pointed out that this acquisition makes it "one of the few self-custody wallets able to control the end-to-end payment experience, integrating wallet and card services."
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