PANews reported on December 19 that according to The Block, cryptocurrency wallet provider Exodus Movement's stock (ticker: EXOD) officially listed on the NYSE American this week, rising over 37% on its first trading day, reaching a peak intraday price of $64.50 and closing at approximately $53. Exodus has become one of the few cryptocurrency companies listed on major exchanges in the United States, previously trading over-the-counter.
Exodus received approval for listing on NYSE American in May 2024. The company stated that this move will enhance its influence in the investor community and improve liquidity. According to the third-quarter financial report released in November, Exodus reported revenue of $20.1 million for the quarter, with a net loss of approximately $800,000. Its revenue primarily comes from fiat exchanges, staking, and consulting services.
Exodus, founded in 2015, is one of the oldest wallet developers in the cryptocurrency space and recently partnered with hardware wallet company Ledger and NFT platform Magic Eden.
