According to ChainCatcher news and reported by The Block, the stock of cryptocurrency wallet provider Exodus Movement (ticker: EXOD) was officially listed on the NYSE American exchange this week, rising over 37% on its first trading day, reaching a peak intraday price of $64.50 and closing at around $53. Exodus has become one of the few cryptocurrency companies listed on major exchanges in the United States, having previously traded on the over-the-counter market.
In previous news, Exodus received approval for listing on the NYSE American in May 2024. The company stated that this move would enhance its influence within 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, and its income primarily derived from fiat currency exchanges, staking, and consulting services.
Exodus was founded in 2015 and is one of the oldest wallet developers in the cryptocurrency space. Recently, it has partnered with hardware wallet company Ledger and NFT platform Magic Eden.
