- On Wednesday, the stock of Exodus Movement went public on NYSE American, a sister business of the New York Stock Exchange.
- At the close of trade, EXOD’s stock has increased by more than 37%.
Exodus Movement is currently trading on NYSE American as of Wednesday. Exodus, the creator of one of the earliest working cryptocurrency wallets, is now one of only a few publicly traded cryptocurrency companies on a significant U.S. market.
According to Google Finance, the company’s stock (ticker: EXOD) is up more than 37% as the trading day comes to an end after reaching an all-time high of $64.50. Right now, EXOD is trading for about $53.
The New York Stock Exchange in New York City owns and runs NYSE American. Founded in 2015, Exodus was once traded under the same ticker on public OTC markets. Earlier this year, it said it would try to “uplist”
In May 2024, the business was given permission to list its common stock on the NYSE American.
By expanding our footprint among investors and hence enhancing liquidity, trading on the NYSE American will enable Exodus to generate more long-term value for our stockholders.
According to its third-quarter filing in November, Exodus reported $20.1 million in revenue and a net loss of about $800,000 for the third quarter of current fiscal year. The company’s main sources of income are exchange services, such as consultation, staking, and fiat onboarding.
We achieved strong year-over-year revenue growth and profitability in Q3, indicating the robustness of our business model and the expanding market for digital assets.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
