Exodus to Enter the New York Stock Exchange with Blockchain-Based Stock

• Blockchain Council
• September 02, 2024

Exodus is on the cusp of a groundbreaking milestone as it gears up to debut its Blockchain-based stock on the esteemed New York Stock Exchange (NYSE). The company, renowned for its cutting-edge cryptocurrency wallet solutions, had been eagerly anticipating its listing on the NYSE American, a sister market of the renowned stock exchange. However, a minor delay in the regulatory review process by the U.S. Securities and Exchange Commission (SEC) momentarily postponed the listing.

(1/5) We're thrilled to announce that Exodus $EXOD will begin publicly trading on the @NYSE American on May 9th! 

Our mission is to help half the world exit traditional finance by 2030, and this is a giant leap forward in helping us get there. Let's rewind to April 2021… 🧵

— Exodus – Crypto Wallet (@exodus_io) May 7, 2024

CEO JP Richardson remained undeterred, expressing unwavering optimism and confidence in the company’s transparent and responsive approach throughout the registration process. Richardson reiterated Exodus’s steadfast commitment to delivering unparalleled value to its clientele and shareholders, signaling a bright and promising future ahead.

The rescheduled listing date for Exodus’s common stock, identified by the ticker symbol EXOD, is eagerly awaited by investors and enthusiasts alike. The move to list on the NYSE American is poised to significantly enhance the company’s visibility within the investor community while concurrently bolstering liquidity—a strategic maneuver emblematic of Exodus’s forward-thinking vision and unwavering dedication to innovation.

Exodus’s remarkable performance in the first quarter of 2024, marked by a staggering revenue surge of $29.1 million—an impressive 118% increase compared to the previous year—underscores the company’s formidable presence and robust growth trajectory. Additionally, boasting a sizable user base of approximately 1.69 million monthly active users during the same period, Exodus stands as a testament to the burgeoning popularity and widespread adoption of digital assets.

CEO Richardson’s enthusiastic endorsement of Blockchain technology as a catalyst for transformative change in corporate governance practices further underscores Exodus’s pioneering spirit and unwavering commitment to innovation. By tokenizing its common stock on the Algorand Blockchain, Exodus aims to revolutionize stock trading, making it more accessible, efficient, and secure for investors.

Amidst ongoing regulatory scrutiny of the cryptocurrency sector, Exodus remains steadfast in its conviction that transparent and regulated offerings will propel the industry towards broader mainstream acceptance. With a steadfast commitment to excellence and a clear vision for the future, Exodus is poised to redefine the landscape of publicly traded digital assets, ushering in a new era of innovation and accessibility in financial markets.