Exodus Approved for NYSE Listing, Trading Begins on May 9
Crypto wallet developer Exodus Movement has received approval to list its common stock on the NYSE under the ticker EXOD.
Trading for the stock will commence on the platform on May 9, the company announced on Monday .
“Trading on the NYSE American will allow Exodus to create greater long-term value for our stockholders by increasing our presence within the investor community and, in turn, increase liquidity,” Exodus CEO and Co-founder JP Richardson said.
“We believe the uplisting will broaden the awareness of Exodus.”
NYSE American, formerly known as the American Stock Exchange (AMEX), focuses on companies with smaller market capitalization compared to the main NYSE.
By moving to the NYSE American, Exodus aims to enhance its market presence and attract more investors.
The EXOD stock is already listed on the OTCQX market, and the recent approval paves the way for Exodus’ stocks to be “uplisted” to the NYSE.
Big news!
Exodus stock $EXOD starts trading on the NYSE American this Thursday, May 9th.
This significant milestone paves the way to creating long-term value for our investors by expanding our global shareholder base and boosting stock liquidity.
LFG!
— JP (Exodus) (@jprichardson) May 6, 2024
The company told existing stockholders that no action was required prior to the NYSE American listing.
Founded in 2015, Exodus Movement specializes in developing self-custodial wallet services for cryptocurrencies such as Bitcoin, Ether, and other digital assets.
Notably, the company has tokenized its EXOD security tokens, which represent Class A EXOD common shares, on the Algorand blockchain. These tokens can be managed using Exodus wallets.
Exodus claims to be the only U.S.-based company that has its common
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