Share this article
Bitcoin Wallet Firm Exodus Unveils Crypto Debit Card With Baanx
Exodus users can spend their crypto anywhere Mastercard is accepted, according to an announcement at the BTC Vegas conference on Tuesday.
Updated May 27, 2025, 5:08 p.m. Published May 27, 2025, 10:00 a.m.
What to know:
- Beta testing of the virtual Exodus card begins at BTC Vegas, starting with the two major stablecoins, USDT and USDC.
- A wider rollout to the six million or so Exodus users will happen later this year.
U.S.-listed Exodus Movement (EXOD), a self-custody wallet firm specializing in bitcoin and other cryptocurrencies, has unveiled an Exodus debit card in partnership with Baanx, a crypto card enabler that works with Mastercard and Visa.
Through the Baanx partnership, Exodus users can spend their crypto on everyday purchases such as travel, online shopping, and anywhere Mastercard is accepted, the firms announced at the BTC Vegas conference on Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bringing debit card functionality to self-custody crypto holders is a fast-growing subset of the digital assets space, attracting a range of popular platforms such as Ethereum wallet firm MetaMask, decentralized finance firm 1inch and most recently, Sam Altman’s World Network.
Beta testing of the virtual Exodus card begins at BTC Vegas, starting with the two major stablecoins, USDT and USDC, which users can instantly swap for bitcoin and other major cryptos inside the Exodus wallet. A wider rollout to the six million or so Exodus users will happen later this year, said Exodus CEO JP Richardson.
“If you consider there are 1.7 billion people who are unbanked out there, well now they don't need a bank account because they can use something like this,” Richardson said in an interview.
Baanx chief commercial officer Simon Jones echoed this view: “You are effectively saying that if you've got access to a mobile phone, you've got access to a range of basic financial services,” Jones said in an interview. “Historically, wallets were very much focused around the custodial element with some swaps and trading. Now we are really seeing an evolution happen where your wallet is becoming your virtual account.”
In December of 2024, Nebraska-based Exodus was given the greenlight to list on the NYSE American, the New York Stock Exchange's sibling market, not long after Donald Trump’s election victory.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase rolls out stock trading, prediction markets and more in bid to become the ‘Everything Exchange’
Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.
What to know:
- Coinbase is expanding offerings on its platform, introducing hundreds of top stocks based on market cap, trading volume, etc, with plans to add thousands of additional stocks and ETFs over the coming months.
- Coinbase users will also be able to trade on the outcomes of real-world events like elections, sports, collectibles, and economic indicators, starting with Kalshi and more to be integrated over time.
- A new AI-driven wealth management advisory service has been introduced, as well as Coinbase Business to help startups and small businesses incorporate crypto.
Top Stories
