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Exodus Movement to List Its Stock on NYSE

Exodus Movement to List Its Stock on NYSE

AltcoinbuzzAltcoinbuzz2024/12/18 06:11
By:By Victor -Camille Lemmens -

Exodus Movement, a company known for its easy-to-use crypto wallet, just got some big news.

According to its blog post , Its common stock will officially start trading on the NYSE American Stock Exchange on December 18, 2024. The stock will use the same symbol it already has—“EXOD.”

Before this move, Exodus stock was traded on the OTCQX market. But here’s the deal: it will stay on the OTCQX until the market closes on December 18. After that, it’s all about the NYSE American.

Why This Matters

Moving to the NYSE American is a big step up for Exodus. Think of it like a small-town team getting called to play in the big leagues. It means more people will notice the company and its stock. This move could also make it easier for people to buy and sell Exodus shares, helping both current and future investors.

JP Richardson, the CEO and co-founder of Exodus, shared his excitement about the news. “Exodus is thrilled to up listed on the NYSE American,” Richardson said. “It’s crucial that America’s innovative companies can trade on America’s premier stock exchanges. We expect this uplisting will raise Exodus’ corporate profile, while also enhancing liquidity for our current and future shareholders.”

A step forward for Exodus. A leap forward for financial freedom.

We’re proud to announce that our stock $EXOD begins trading on the NYSE American December 18.

Thank you for being on this journey with us 🤝 https://t.co/bYqVW1qg0N

— Exodus (@exodus) December 13, 2024

In simpler terms, listing on a major exchange like the NYSE helps the company shine brighter. It also makes the stock easier to trade, which is great for investors.

What’s Next?

Here’s the quick timeline:

  • December 18, 2024: Exodus stock begins trading on the NYSE American under the symbol “EXOD.”
  • Until then: Shares will keep trading on OTCQX until the market closes that day.

For those already holding Exodus stock, it’s smooth sailing—no action is needed.

✨ Exodus to debut on NYSE American, trading under “EXOD” on December 18, enhancing visibility and trading liquidity.

✨ Move signals Wall Street’s warming to crypto, aligning with efforts like NYSE’s extended trading hours for Bitcoin ETFs.

✨ Experts highlight blockchain’s…

— Self Custody (@iamselfcustody) December 16, 2024

More About Exodus

As of December 11, 2024, Exodus holds over 1,900 Bitcoin and 2,660 Ethereum on its balance sheet, showing its strong commitment to crypto assets. In addition, the company processed an impressive $1.26 billion in swap volume between October 1 and November 30, 2024.

– Exodus holds over 1,900 Bitcoin and 2,660 Ethereum on its balance sheet as of Dec 11, 2024
– $1.26B in swap volume processed from Oct 1 to Nov 30, 2024 – compared to $0.96 billion for the full quarter in Q3 2024

— Exodus (@exodus) December 12, 2024

This is a big jump compared to the $0.96 billion swap volume for the entire third quarter of 2024, highlighting significant growth in user activity and demand for Exodus’ services.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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