5 Best Crypto Exchange Stocks to Buy Following Bitcoin’s Recovery

3. Exodus Movement, Inc. (NYSEAMERICAN:EXOD)

Short Percentage of Shares Outstanding: 0.95% 

On June 2, Exodus Movement, Inc. (NYSEAMERICAN:EXOD) announced a long-term partnership with UFC that names Exodus as the organization’s inaugural official payments partner. The agreement significantly increases the company’s brand visibility and positions its cryptocurrency and digital asset solutions in front of UFC’s global fanbase. Exodus will also participate as an official partner of UFC Freedom 250, presented by Crypto.com and RAM, an event taking place on the grounds of the White House in Washington, D.C., further highlighting the growing mainstream adoption of digital asset technologies.

On May 12, BTIG lowered the firm’s price target on Exodus Movement, Inc. (NYSEAMERICAN:EXOD) to $16 from $20 while maintaining a Buy rating on the shares following the company’s first-quarter results. Although revenue declined 37% year-over-year amid a volatile cryptocurrency market environment, BTIG noted that Exodus is pursuing revenue diversification through its acquisition of Monavate, a strategic move intended to reduce dependence on crypto market cycles and create a more balanced long-term business model.

Founded in 2015 and headquartered in Omaha, Nebraska, Exodus Movement, Inc. (NYSEAMERICAN:EXOD) is a financial technology company that develops multi-asset software wallets. Its primary function is to provide a secure, self-custodial infrastructure that allows users to manage, store, and exchange cryptocurrencies like Bitcoin and Ethereum without relinquishing control of their private keys.