Bitcoin wallet developer Exodus to go public on New York Stock Exchange

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As a researcher with a background in finance and experience following the crypto industry, I’m excited about Exodus Movement, Inc.’s upcoming public listing on the NYSE American. This is a significant milestone for the company, which has gained popularity for its non-custodial crypto wallet solution that allows users to store multi-chain assets while keeping their private keys.

Exodus Movement, the organization behind the popular non-custodial cryptocurrency wallet named Exodus, plans to make its public debut on May 9 at the NYSE American. The intention is to generate lasting benefits for investors in the long run.

Exodus Movement, Inc., the cryptocurrency wallet manufacturer, obtained NYSE’s approval to list its common stock, as revealed in a press statement on May 6th.

The company announced that its ordinary shares have been given the green light to be listed on the New York Stock Exchange (NYSE), starting May 9. Meanwhile, the Class A common stocks, valued at a penny per share, will continue trading on OTCQX until the market closes on May 8 under the symbol EXOD.

I’m thrilled to share some exciting news with you all as a crypto investor! starting May 9th, Exodus stock $EXOD will begin trading on the NYSE American. This is a major achievement for us, opening up new opportunities to generate long-term value for our investors. By broadening our global shareholder base and increasing stock liquidity, we’re taking a significant step forward in our growth journey. Let’s celebrate this milestone together – LFG!

— JP (Exodus) (@jprichardson) May 6, 2024

Exodus CEO JP Richardson views the listing of the company on the New York Stock Exchange as a noteworthy achievement in Exodus’s development. According to him, this new status will enable Exodus to boost the worth of its shareholders by expanding our visibility within the investor sphere and subsequently enhancing liquidity.

“We believe the uplisting will broaden the awareness of Exodus.”

JP Richardson

I’m an expert in the field of cryptocurrency and blockchain technology. Exodus, founded in 2015, has gained popularity for its software that enables users to securely store multi-currency assets while retaining control over their private keys, eliminating the need for a third party. In April 2021, we witnessed an impressive fundraising round by Exodus, based in Delaware, raising a substantial $60 million through a Regulation A sale within just five days. Approximately 92% of these investments came from non-accredited investors.

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2024-05-07 10:14