Exodus Mobile Wallet Now Enables Customers to Buy and Sell Cryptocurrency Directly

Exodus now enables customers to buy and sell cryptocurrency directly within the Exodus Mobile wallet, with no need for third-party exchanges.

Crypto startup Exodus now enables customers to buy and sell cryptocurrency directly within the Exodus Mobile wallet, with no need for third-party exchanges.

This capability is enabled by the company’s new XO Pay service, which was developed by Exodus and is powered by Coinme’s crypto-as-a-service application programming interface (API) platform, Exodus said in a press release on Tuesday (May 27).

XO Pay is available to customers across the United States, except New York and Vermont.

The service supports Bitcoin, Ethereum, Dogecoin, Polygon, Litecoin, Chainlink, Stellar and USD Coin. It allows customers to make purchases using Visa or Mastercard debit cards, Apple Pay or Google Pay.

“By integrating the purchasing process directly into our mobile wallet, we’re removing barriers and simplifying the journey from fiat to crypto, and back,” said Exodus Co-founder and CEO JP Richardson.

Users of the Exodus Mobile app can initiate a purchase by tapping a “Buy & Sell” icon, selecting their desired cryptocurrency and purchase amount, choosing XO Pay as their provider, and completing the verification process through which the platform will guide them, according to the company.

Customers can complete purchases in under 60 seconds and get support from Exodus’ customer service team when needed.

“We are excited that Exodus has chosen Coinme’s APIs to create a seamless in-app purchase flow that keeps users in full control of their assets,” said Coinme CEO and Co-founder Neil Bergquist.

During the first quarter, Exodus had 1.6 million monthly active users, 1.8 million quarterly funded users, and $2.18 billion in exchange provider processed volume, the company reported in its earnings release on May 12.

“We continue to offer innovative solutions that capitalize on the growing market for digital assets,” Richardson said at the time.

On Feb. 20, the company announced the integration of Venmo as a payment method, saying this enables Venmo users to buy cryptocurrency through their Venmo accounts via the Exodus Mobile wallet.

Coinme announced in May 2024 that its cryptocurrency cash exchange had surpassed $1 billion in retail sales, 10 years after launching its first licensed bitcoin ATM.