Bitcoin wallet developer Exodus to go public on New York Stock Exchange

Exodus
Movement,
Inc.,
the
developer
of
non-custodial
crypto
wallet
Exodus,
is
set
to
go
public
on
May
9
on
the
NYSE
American
in
a
bid
to
create
“long-term
value”
for
investors.

Crypto
wallet
maker

Exodus
Movement,
Inc.
received
approval
for
its
common
stock
for
listing
on
the
New
York
Stock
Exchange
(NYSE),
the
company
announced
in
a

press
release
on
May
6.

The
company
disclosed
that
its
common
stock
had
secured
approval
for
listing
on
the
New
York
Stock
Exchange
(NYSE).
The
Class
A
common
stock,
valued
at
$0.000001
per
share,
will
begin
trading
under
the
symbol
EXOD
upon
the
opening
bell
on
May
9.
The
common
stock
will
also
remain
available
for
trading
until
the
market
closes
on
May
8
on
OTCQX,
a
financial
platform
catering
to
over-the-counter
securities.

Exodus
CEO
JP
Richardson
says
the
listing
on
the
stock
exchange
marks
a
“significant
milestone”
in
the
company’s
journey,
adding
that
trading
on
NYSE
will
allow
Exodus
to
“create
greater
long-term
value
for
our
stockholders
by
increasing
our
presence
within
the
investor
community
and,
in
turn,
increase
liquidity.”

“We
believe
the
uplisting
will
broaden
the
awareness
of
Exodus.”

JP
Richardson

Founded
in
2015,
Exodus
has
become
well-known
for
its
software
facilitating
the
storage
of
multi-chain
assets
while
allowing
users
to
keep
private
keys
on
their
own
without
depending
on
a
third
party.
In
April
2021,
the
Delaware-based
company

raised
to
the
tune
of
$60
million
via
a
Regulation
A
sale
in
five
days,
with
approximately
92%
of
investment
commitments
coming
from
non-accredited
investors.