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SEC Approves Crypto Wallet Maker Exodus to List on NYSE American After Denying It in May
Exodus will list under its current ticker on NYSE American at the open of trading on Dec. 18
What to know:
- Exodus Movement has been approved to list on the NYSE American, the New York Stock Exchange's sibling market.
- Exodus, which will list under its current ticker at the open of trading on Dec. 18.
- The company was originally meant to be listed on NYSE American in May, but the U.S. SEC said it was still reviewing its registration.
Crypto wallet company Exodus Movement (EXOD) has been approved to list on the NYSE American, the New York Stock Exchange's sibling market.
Exodus, which will be listed under its current ticker at the open of trading on Dec. 18, was originally meant to be listed on NYSE American in May, but the U.S. Securities and Exchange Commission (SEC) said it was still reviewing the company's registration.
STORY CONTINUES BELOW
The approval of Exodus' uplist may be a sign of a change in the regulatory sentiment toward cryptocurrency following President-elect Trump's victory in November's election with the promise of running a pro-crypto administration.
"We expect this uplisting will raise Exodus’ corporate profile, while also enhancing liquidity for our current and future shareholders," CEO of Exodus JP Richardson said.
Exodus stock, currently listed on the OTC Markets (OTCQX), rose as much as 10.5% before pairing all of the gains.
Read More: How Trump Can Help Crypto on Day One
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
