Cryptocurrency wallet provider Exodus successfully listed on NYSE American, with a first-day increase of over 37%

2024-12-19 08:33:52

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ChainCatcher news, according to The Block, the stock of cryptocurrency wallet provider Exodus Movement (ticker: EXOD) has officially listed on the NYSE American this week, rising over 37% on its first trading day, reaching a high of $64.50 during the day and closing at around $53. Exodus becomes one of the few cryptocurrency companies listed on major exchanges in the United States, having previously traded on the over-the-counter market.

Previous news reported that 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.

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.

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