Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2

Multichain wallet Exodus has actually released its financial results for the 2nd quarter of 2023, divulging income of $12.4 million, a 4% decline year-over-year. Bitcoin (BTC), Tether (USDT), and Ether (ETH) were the leading assets traded in the quarter, at 27%,16%, and 12% of volume, respectively. Total basic and administrative expenses represented 32.2% of company income, a substantial decline from 87.1% in the 2nd quarter of 2022.