Stay up to date with the CriptoTendencia WhatsApp channel: Instant news about Bitcoin, Altcoins, DeFi, NFT, Blockchain and Metaverse. Subscribe!
The digital wallet firm to store cryptocurrencies, Exodus Movement, will go public in the United States next Wednesday, December 18. This is a momentous milestone for this company, which aims to strengthen the integration of the crypto world with TradFi. The company’s board expresses its confidence in the future after this decision to go public.
Under the initials EXOD, the self-custody wallet company is set to make its entry on the New York Stock Exchange (NYSE). Until then, the firm’s shares were on the OTC market. This new stage represents a radical change, both for the company and its shareholders.
According to a company statement shared in X, this new stage becomes a conquest for financial freedom. It should not be lost sight of that self-custody wallets like Exodus are characterized by allowing the decentralized storage of funds. This means that users are direct owners of custody, in addition to not having to identify their money with their personal data.
More Read
«One small step for Exodus, one big step for financial freedom. We are proud to announce that our EXOD shares begin trading on the New York Stock Exchange on December 18. Thank you all for joining us on this journey,” emphasizes the firm.
A step forward for Exodus. A leap forward for financial freedom.
We’re proud to announce that our stock $EXOD Begins trading on the NYSE American December 18.
Thank you for being on this journey with us 🤝https://t.co/bYqVW1qg0N
— Exodus (@exodus) December 13, 2024
Exodus is the latest crypto entry to the stock market
The fact that Exodus will soon go public reflects the company’s growth in terms of impact among investors. Starting this Wednesday, you will have greater exposure to investor capital of different sizes. It is worth mentioning that the context of entry to the NYSE is remarkably favorable.
For the incoming Republican government administration in the United States, financial freedom is much more than a slogan. In fact, President Donald Trump is a strong supporter of self-custody, which guarantees that the firm could enjoy great popularity among investors.
For the head of Exodus, JP Richardson, this new step will allow a huge strengthening of the firm’s corporate profile. In addition, it will give way to the exponential increase in the liquidity and wealth of its shareholders.
With the stimulus for financial privacy and new crypto regulation in the United States in 2025, the demand for self-custody wallets could increase to levels not previously seen. It is important to take into consideration that in some regulations such as the EU MiCA, these types of portfolios are not viewed favorably.
However, as already mentioned, in the United States, regulation could be created adapted to people’s financial privacy. In the best-case scenario, Exodus’ IPO can be said to occur at an optimal time, given that it would be very well positioned to exploit the favorable context for cryptocurrencies in the US.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
