Share this article
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
Updated Dec 17, 2024, 2:44 p.m. Published Dec 16, 2024, 6:33 p.m.
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
Mis geen enkel verhaal.Abonneer je vandaag nog op de State of Crypto Nieuwsbrief. Bekijk Alle Nieuwsbrieven
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
More For You
Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters
Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.
What to know:
- Fintech and crypto firms are increasingly applying for bank charters, anticipating a more favorable regulatory landscape.
- Becoming a bank allows firms to accept deposits and lower borrowing costs but brings stricter oversight.
- Regulatory bodies have historically approved few new bank charters, though recent signals suggest a more streamlined process.
Top Stories
