PANews reported on December 19 that according to The Block, the stock of crypto wallet provider Exodus Movement (code: EXOD) was officially listed on the NYSE American exchange this week and rose by more than 37% on the first trading day, reaching a high of $64.50 during the session and closing at about $53. Exodus became one of the few crypto companies listed on major US exchanges, after its stock was traded in the over-the-counter market.
Exodus received NYSE American listing approval in May 2024. The company said the move would enhance its influence in the investor community and improve liquidity. According to the third-quarter financial report released in November, Exodus had revenue of $20.1 million and a net loss of approximately $800,000 for the quarter. Its revenue mainly came from fiat currency exchange, staking and consulting services.
Founded in 2015, Exodus is one of the oldest wallet developers in the crypto space and has recently partnered with hardware wallet company Ledger and NFT platform Magic Eden.
