Exodus Movement is making a major push into crypto payments with a plan to buy W3C Corp and its subsidiaries Baanx and Monavate for 175 million dollars. The self-custody wallet provider said the move will help it build a full payments stack that connects wallets to real-world spending.
The deal, which still needs regulatory approval, is expected to close in 2026. Once finalized, Exodus will control the payment rails needed to let users spend crypto and dollar-backed stablecoins directly through its platform.
W3C’s subsidiaries already support card and payments services for fintech and digital asset companies. Bringing those capabilities into the Exodus ecosystem will allow the company to issue branded payment cards through major networks such as Visa, Mastercard, and Discover. It will also strengthen Exodus’ reach in the United States, the United Kingdom, and across the European Union.
Exodus CEO and co-founder JP Richardson said the acquisition moves the company closer to a unified experience where users can store and spend their assets in one place. He said customers already rely on Exodus to hold stablecoins and other crypto, and the new infrastructure will help bridge the gap between storage and everyday use.
The company plans to fund the purchase through its cash reserves and a bitcoin-backed credit line with Galaxy Digital. Exodus has also loaned roughly 58.8 million dollars to W3C and may provide up to 10 million dollars more to support the company’s operations through the transition.
The agreement follows Exodus’ recent purchase of Grateful, a stablecoin payments startup based in Uruguay, which was aimed at strengthening its presence in Latin America.
Exodus shares closed at 15.18 dollars on Monday, up 3.62 percent for the day. The stock has faced pressure in recent months, falling more than 40 percent over the past month and more than 56 percent over the past six months.
