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