Exodus, a leading cryptocurrency wallet, was established in 2015 by JP Richardson and Daniel Castagnoli. Richardson, a notable programmer in the Bitcoin and cryptocurrency software ecosystem, focused on the technical aspects, while Castagnoli, who previously designed experiences for Apple, BMW, Louis Vuitton, Nike, and Disney, emphasized on the design and user experience. Their shared vision was to create a multi-asset software wallet that made cryptocurrency accessible to everyone, removing the “geek requirement” and prioritizing design.
The Exodus wallet is a non-custodial, multi-asset software wallet primarily for cryptocurrencies. It supports over 140 cryptocurrencies including Bitcoin, Ethereum, Cardano, Solana, Algorand, and Cosmos (ATOM) among others. The wallet is available on desktop and mobile devices (both iOS and Android), allowing users to manage their assets confidently. Importantly, it offers the feature to exchange cryptocurrencies directly within the wallet, covering one of the most extensive lineups of trading pairs in the industry. Since its launch in December 2015, the Exodus wallet has been funded by approximately 1.25 million customers across desktop and mobile platforms.
Exodus operates as a fully remote company, employing over 130 staff from more than 25 countries. The company is known for its transparency and democratic operations. All full-time staff can view the salaries of all other staff and the financial status of the company. Additionally, all salaries are paid in Bitcoin, which is sent directly to the Exodus wallet of each employee1.
The Exodus wallet also provides users with staking options, allowing them to earn rewards by participating in the consensus mechanisms of certain cryptocurrencies. While I couldn’t find specific information about staking Cardano, Solana, and Cosmos (ATOM) within the Exodus wallet as of my last search, the wallet has been continuously updated to support more features and cryptocurrencies.
Exodus has a unique approach to company shares: they are represented digitally by the EXIT tokens, which were issued on the Algorand blockchain. Exodus closed its Reg A+ public offering on May 5, 2021, issuing 2,733,229 shares of Class A common stock to 6800 new shareholders and raising $75 million in gross proceeds.
Recently, Exodus has expanded its offerings to include a Chrome browser extension, allowing users to connect to 12+ networks including Ethereum, Solana, and Binance Smart Chain (BSC) without leaving their browser. The browser extension enables users to access decentralized finance (DeFi) apps, buy non-fungible tokens (NFTs), and explore Web3.
Exodus also offers a built-in swap feature and a Rewards app, which can help users grow their crypto portfolios. Furthermore, the company has partnered with Trezor, a hardware wallet provider, to offer users an additional layer of security for managing and swapping blockchain assets.
Looking forward, Exodus aims to be part of a global movement to make decentralized finance available to anyone with an internet connection and a smartphone or computer. The company’s stated mission is “to empower half the world to exit the traditional finance system by 2030”.
