Exodus Profile: US Access and Service Limits

This profile sets out what the imported record establishes about the Exodus software wallet: who runs it, where US readers can use it, and the one authority action attached to the company. It is a documentary read, not a hands-on test.

What this wallet profile covers

This is an informational profile of a software wallet, and CoinReckon has not assigned it a numeric rating in this wave. The wallet is a non-custodial, multi-asset app for desktop and mobile, meaning the user holds the private keys rather than the company. The operator is Exodus Movement, Inc., a US company that reports to the SEC and whose Class A shares trade on NYSE American under the ticker EXOD 26. The business was founded in 2015 2. Its documented model is a free self-custody wallet that earns fees from third-party API providers wired into the app, not a custodial money service 26. Everything below comes from that evidence record.

US access and third-party services

For a wallet, availability means you can download and run the app, not that you hold a licensed financial product. On that basis the record marks US access as yes, with no excluded states as of October 20, 2026 67. That statement covers the wallet itself. The swap, staking and on-ramp functions inside the app are run by outside providers, and their reach depends on who the provider is and where you sit.

New York is the clearest example of why those two things need separating. The wallet is accessible to New York residents, because a BitLicense does not apply to non-custodial software. What the record flags is that the crypto-to-crypto swap integrations are geoblocked in New York and Washington 6. So a New Yorker can open and fund the wallet, yet find the in-app exchange closed. Other features, such as Markets and Predictions, carry their own country limits 7.

Custody and connected-service boundaries

Custody sits with the user. The wallet is unhosted: the keys live on your device, and Exodus Movement does not hold your funds. That shapes the rest. When you buy, sell, swap or stake inside the app, you are using a connected third-party service, and the company's recorded revenue comes from fees on those integrations 26. The boundary matters for a decision, because the wallet's broad US access does not carry over to every bolt-on service, and eligibility for one is not eligibility for all.

The table below pulls the load-bearing values from the record. Read each row as scope on a dated snapshot, not a live guarantee.

Documented item	Dated value / scope	Practical implication
US wallet availability	Yes, no excluded states (as of October 20, 2026) 67	You can download and run the app nationwide; a connected product's eligibility is a separate question.
New York access	Wallet yes; crypto-to-crypto swap API geoblocked in NY and WA 6	The app opens in NY, but the in-app exchange may not; US-NY is its own scope.
Operating entity	Exodus Movement, Inc., Delaware (US-DE), checked October 20, 2026 26	The contracting party is a Delaware-incorporated, SEC-reporting company; a public listing is not a safety endorsement.
OFAC settlement	$3,103,360, dated December 16, 2025 8	A resolved sanctions matter, covered in the next section; a settlement, not an allegation.
Company sanctions status	Not listed by OFAC or the EU (checked October 20, 2026) 8	Absence from a sampled list on one date is not general regulatory approval.

Security incidents and enforcement

The one authority action in the evidence record is an OFAC settlement dated December 16, 2025. Exodus Movement, Inc. agreed to pay $3,103,360 to the US Department of the Treasury's Office of Foreign Assets Control to resolve 254 apparent violations of US sanctions on Iran 8. The conduct ran from October 2017 to January 2019: support staff helped users who identified themselves as being in Iran, and in twelve cases OFAC flagged as egregious, staff who knew about the sanctions suggested a VPN to get around partner-exchange geoblocks 8. The violations were not voluntarily disclosed, and about $630,000 of the total was earmarked for added compliance controls 8. This is a settlement reached with the company, not an allegation and not a criminal conviction.

On the infrastructure side, the record notes no confirmed breach of Exodus's own systems. The user losses it references trace to phishing and malware on the user's device. A separate malicious-package campaign targeted Exodus and other wallet apps running on users' machines; that is a third-party attack on users, not a compromise of the company. A clone or spoofed package is not the legitimate app.

What the evidence does not measure

The evidence record carries no Exodus-specific money-transmitter, BitLicense or FinCEN entry, which fits a non-custodial model where the user holds the keys; a direct registry check was not part of this snapshot, so the empty licence field is the limit of this dataset, not proof of any legal standing 26. The record also holds no schedule of swap or on-ramp fees, no seed-phrase recovery test, and no hands-on check of device or coin compatibility. None of that was measured here. A field left blank is not evidence a feature is missing; it is simply outside what this profile documents.

How to assess it for your needs

Work through the record against your own use before you commit funds. The checklist keeps the entity, the geography and the service boundary in view.

• Identity and geography: the operator is Exodus Movement, Inc. of Delaware, with US wallet access recorded as yes and no excluded states on October 20, 2026 26. Confirm your state separately.
• Intended operation: if you only need self-custody storage, the wallet covers it; if you plan to swap or stake in-app, check the connected provider's reach for your location 7.
• Documented cost or status limit: the record carries no fee schedule, so treat in-app provider costs as unmeasured here.
• Custody and provider boundary: you hold the keys, and any buy, sell or swap runs through an outside service 26.
• Next step: match the role you actually need against those limits, then verify current terms on the official app before funding.

Quick questions

Why does Exodus have no numeric rating? It does not because this wave publishes an informational software-wallet profile. CoinReckon has not scored it here.

Does wallet access mean every integrated service is available? No. The provider and geographic limits in the record still apply, so a swap or staking feature can be closed even where the wallet opens.

Was the wallet tested for this profile? No. This is a documentary profile built from the imported snapshot, with no hands-on test.

If you want the wider context, start with the category hub for how software wallets compare, read how CoinReckon assesses services to see what a profile does and does not claim, or look at a related service profile. Spot something off in the dated record? Send an editorial correction.

Evidence snapshot: October 20, 2026. These are the original checked or event dates, not a claim that every fact was re-verified on the publication date.

Sources

• [2] SEC EDGAR - Exodus Movement, Inc., Offering Circular (Form 1-A) - https://www.sec.gov/Archives/edgar/data/1821534/000114036121012255/nt10013846x18_253g2.htm
• [6] SEC EDGAR - Exodus Movement, Inc., Form 10-K (FY2024) - https://www.sec.gov/Archives/edgar/data/1821534/000095017025034884/exod-20241231.htm
• [7] Exodus Support - Why can't I access a feature in Exodus? - https://www.exodus.com/support/en/articles/15906733-why-can-t-i-access-a-feature-in-exodus
• [8] OFAC - Settlement Agreement between OFAC and Exodus Movement, Inc. - https://ofac.treasury.gov/recent-actions/20251216_33

General educational information, not personal investment, legal or tax advice. Crypto can lose value, and documentary analysis is not a guarantee of safety, access or recovery. No affiliate links or purchase incentives appear on this page.