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Exodus Crypto Wallet Maker Approved to List on NYSE American
In a significant development, Exodus Movement (EXOD), a leading crypto wallet company, has received approval to list its shares on the New York Stock Exchange’s (NYSE) American market. The announcement comes after the Securities and Exchange Commission (SEC) initially denied the company’s listing request in May due to ongoing reviews.
As of December 18, EXOD will begin trading with an initial reserve of approximately 1,900 BTC. This uplisting marks a potential shift in regulatory views on cryptocurrency, particularly following President-elect Trump’s pro-crypto stance.
Exodus CEO JP Richardson believes that this move will not only raise the company’s profile but also enhance shareholder liquidity. The brief 10.5% rise in Exodus stock price after the announcement has been attributed to the increased investor confidence and the potential for higher returns on investment.
The approval is a significant milestone for EXOD, which previously listed its shares on OTC Markets. The listing on the NYSE American will provide the company with access to a broader range of investors and greater liquidity in the market.
With this development, Exodus aims to expand its offerings, improve its services, and strengthen its position in the rapidly evolving cryptocurrency landscape.
Source: coinpedia.org
