Today on January 8, 2025, Exodus Movement, Inc., marks a significant day for Exodus Movement, Inc., as the company that runs the Exodus crypto wallet now is listed on the NYSE and celebrates this milestone by ringing the opening bell at the New York Stock Exchange (NYSE).
The exchange is the first cryptocurrency wallet provider to be listed on the U.S. exchange and hence it is a huge achievement for the wallet. The journey to this day has not been easy for the company.
Delay in Regulatory Review
During the entire process, the company faced various difficulties which include delays in regulatory reviews by the U.S. Securities and Exchange Commission (SEC). Even with the delays, the company did not lose hope and were patient till the actual listing was announced.
This listing was important for the company as it would solidify its standing in the financial markets and would enhance its shareholder value at the same time.
NYSE Approves Exodus Listing
On December 18, 2024, the crypto wallet finally announced that company has been listed on the NYSE and their ticker was $EXOD. The successful listing is expected to broaden the company’s investor base and enhance the stock liquidity as well.
CEO JP Richardson remarked today saying “Exodus is thrilled to uplist on the NYSE American. It’s crucial that America’s innovative companies can trade on America’s premier stock exchanges.” He further added, ” We expect this uplisting will raise Exodus’ corporate profile, while also enhancing liquidity for our current and future shareholders.”
Exodus has been a prominent player in the cryptocurrency space which provides user-friendly platform for managing digital assets. This listing is a big deal for the company as it indicates confidence in the company’s business model and also indicates an uptick in the acceptance of cryptocurrency businesses in traditional financial markets.
