--- title: "Wallet provider Exodus acquires W3C for $175 million to expand crypto payments stack" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/267274867.md" description: "Self-custody wallet company Exodus Movement has agreed to acquire W3C Corp and its subsidiaries Baanx and Monavate for $175 million. The deal, subject to regulatory approval, will enable Exodus to build an end-to-end payments stack, including issuing payment cards through major networks. The transaction is expected to close in 2026. Exodus plans to finance the purchase through existing cash reserves and a bitcoin-secured credit facility. The acquisition follows Exodus' recent purchase of Grateful to expand its payment presence in Latin America." datetime: "2025-11-25T03:24:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/267274867.md) - [en](https://longbridge.com/en/news/267274867.md) - [zh-HK](https://longbridge.com/zh-HK/news/267274867.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/267274867.md) | [English](https://longbridge.com/en/news/267274867.md) # Wallet provider Exodus acquires W3C for $175 million to expand crypto payments stack Self-custody wallet company ​​Exodus Movement has agreed to acquire W3C Corp and its subsidiaries Baanx and Monavate for $175 million, marking the company's expansion into crypto payments infrastructure. Exodus said Monday that the deal, subject to regulatory approval, would give the company the ability to build an end-to-end payments stack, "from wallets to cards." W3C is the parent entity of Baanx and Monavate, which offer card and payments infrastructure services for fintech and crypto clients. The transaction is expected to close in 2026. Once the transaction is completed, Exodus would own full payment rails required to let users directly spend crypto, including U.S. dollar stablecoins. The deal will also enable Exodus to issue payment cards through major networks including Visa, Mastercard, and Discover, while expanding its footprint across the U.S., UK and European Union. "People already trust Exodus to hold their dollar stablecoins and crypto," said JP Richardson, co-founder and CEO of Exodus. "By bringing card and payments infrastructure in-house, we are closing the gap between holding and spending, and positioning Exodus as the only platform you need for your money." Exodus said it plans to finance the purchase through existing cash reserves and its bitcoin-secured credit facility with Galaxy Digital. Separately, Exodus loaned roughly $58.8 million to W3C and may further loan up to $10 million to W3C to support working capital. The W3C deal follows Exodus' recent acquisition of Grateful, a Uruguay-based stablecoin payments startup, to expand its payment presence in Latin America. Exodus closed up 3.62% at $15.18 on the New York Stock Exchange on Monday, according to The Block's price page. Its shares have fallen 40.3% in the past month and dropped 56.6% over the past six months. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. ### 相關股票 - [Exodus Movement (EXOD.US)](https://longbridge.com/zh-HK/quote/EXOD.US.md) ## 相關資訊與研究 - [Varia US Properties Sets 2026 AGM to Confirm Governance and Strategy](https://longbridge.com/zh-HK/news/281470115.md) - [Jack Dorsey’s Square auto-enables bitcoin payments for millions of U.S. businesses](https://longbridge.com/zh-HK/news/281065639.md) - [Strategy Highlights Bitcoin Holdings and Litigation Resolution Update](https://longbridge.com/zh-HK/news/281029351.md) - [Siemens to Dissolve Digital Industries, Smart Infrastructure Divisions](https://longbridge.com/zh-HK/news/281116194.md) - [BTC miners are collectively turning to Bitcoin.](https://longbridge.com/zh-HK/news/281160892.md)