The shares of Exodus Movement will be listed on the NYSE tomorrow, Wednesday, December 18, 2024.
The company itself announced it with an official statement.
The crypto wallet Exodus
Exodus is a self-custody cryptocurrency software platform, and Exodus Movement is the company that owns the platform.
It is especially famous for its namesake crypto wallet, which has existed since 2015 (the year of Ethereum’s birth), with millions of supported assets, including criptovalute, tokens, and NFT. It is a self-custody wallet that also allows swap, stake, and earn.
Until a few years ago, it was by far one of the most used crypto wallets, while later many other competitors also spread, forcing Exodus Movement to expand its range of services.
In addition to the non-custodial wallet, the business solutions provided include Passkeys and XO Swap.
The Exodus wallet was designed for multi-asset management, with a clear priority given to design and ease of use. For this reason, it has always been preferred especially by those who wanted an easy-to-use and immediate solution.
NYSE welcomes Exodus
The New York Stock Exchange (NYSE) is the stock exchange of New York.
Founded in 1792 on Wall Street, it is not only still active today, but it is absolutely the one with the largest market capitalization in the world, although not much higher than that of the Nasdaq.
Also in terms of trading volumes, it is the largest in the world, always, however, closely followed by the same Nasdaq.
Among the major companies listed on the NYSE are Berkshire Hathaway by Warren Buffett, Walmart, JP Morgan Chase, Visa and Mastercard, Oracle, Exxon Mobil, etcetera. A good portion of the stocks included in the S&P500 index is listed on the NYSE.
The quotation of Exodus Movement on the NYSE
The Exodus Movement stock is actually already listed with the ticker EXOD, but only OTC for now.
It has been traded since 2021, even though during the bear-market of 2022 it suffered a significant crash.
In fact, after debuting in September three years ago at a price of $33, less than a year later the price had plummeted to $2.
Until December of last year, it had essentially remained there, but with the bull run at the end of 2023, it had started to recover.
In January of this year, it had returned above $5, while in May it went well above $10.
In October, it returned above $20, and between November and December, not only did it return above $30, but it also recorded its new all-time high at $37. The current price is slightly below this figure.
Certainly, the news related to the listing on the NYSE also helped, but they were certainly not the only reason for this bull.
The details of the listing
The Class A common shares of the company, those with a nominal value of $0.000001, will be listed on the NYSE American and will always be listed with the ticker EXOD, starting from December 18, 2024.
Ordinary shares will continue to be traded on the OTCQX until the market closes on December 18, 2024. Current shareholders do not need to take any specific action before the listing on the NYSE.
In reality, Exodus should have been listed on the NYSE American as early as May, but the SEC at the time said it was still reviewing the company’s application. Now, however, it has approved the application, perhaps also thanks to the change of course by the same SEC with Trump’s victory in the elections.