Cryptocurrency wallet developer Exodus Movement announced Monday that it has received approval to list its common stock on NYSE American. The shares, under the symbol EXOD, will begin trading on the platform from May 9.
“The NYSE American transaction will allow Exodus to increase its presence within the investor community, increase liquidity, and create greater long-term value for our shareholders,” said JP Richardson, Exodus CEO and co-founder.
New York Stock ExchangeThe NYSE, formerly known as the American Stock Exchange (AMEX), serves companies with smaller market capitalizations than the NYSE.
EXOD is already listed on the OTCQX market, and this approval will allow Exodus’ shares to be “listed” on the NYSE. The company added that existing shareholders will not be required to take any action prior to the listing on NYSE American. Founded in 2015, Exodus Movement develops self-managed wallet services for Bitcoin, Ethereum, and other cryptocurrency assets.
of the company EXOD Security TokenThe digital representation of Class A EXOD common stock has been tokenized on the Algorand blockchain and can be managed in the Exodus Wallet. Exodus said it was the only company in the U.S. to tokenize its common stock on the blockchain.
its preliminary review In the first quarter of 2024, Exodus recorded sales of $29.1 million, a 118% increase compared to the same period last year. The number of monthly active users in the first quarter was approximately 1.69 million.
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About the author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.