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According to the announcement, the company’s Class A common stock will be traded.
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Exodus shares will have a par value of $0.000001.
Exodus, the Bitcoin self-custody wallet, announced that its shares received approval to begin trading on the American stock exchange NYSE.
The company’s Class A common stock, with a par value of $0.000001, will begin to be listed on the NYSE American under its current symbol, “EXOD”, at opening of operations on December 18, 2024as reported by the company in a statement.
Exodus, founded by JP Richardson and Daniel Castagnoli in 2015, has been in the business of cryptocurrencies for several years. The company offers digital wallet, fund exchange and portfolio management services. The Exodus portfolio offers support for numerous cryptoassets and is compatible with several local currencies.
“Exodus is delighted to be listed on the NYSE American. It is crucial that America’s innovative companies are able to list on major US stock exchanges,” said JP Richardson, CEO and co-founder of Exodus. “We expect this listing to increase Exodus’ corporate profile, while improving liquidity for our current and future shareholders,” he added.
The price of the company’s shares can be seen directly from the wallet they develop. In 2021, Exodus received approval from the U.S. Securities and Exchange Commission in connection with the public release of shares of his company. Papers can be purchased directly from the Exodus Wallet, which supports bitcoin (BTC) and other cryptocurrencies, as CriptoNoticias reported at that time.
This opening to the NYSE American stock exchange will allow more traditional investors and the general public to access the company’s shares. This is because the nominal value of the shares is extremely low, which could attract a wide range of interested parties the Cryptocurrency sector.
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