Crypto wallet Exodus has reported financial results for the second quarter of 2024, with revenue increasing 80% year-over-year to $22.3 million. Despite its significant year-over-year growth, Exodus also suffered significant losses in the second quarter of 2024, with a net loss of $9.6 million, compared to revenue of $1.9 million in the second quarter of 2023. An Exodus spokesperson said: "The loss in the second quarter was due to the decline in digital asset prices, which led to a decrease in the value of our holdings of Bitcoin and other digital assets, rather than due to unprofitable operations." Exodus' adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter also soared 43% from $4.1 million in the second quarter of last year to $5.8 million in the second quarter of 2024. (Cointelegraph)