cryptopolitan.com
Exodus CEO JP Richardson and the leadership team led the opening bell-ringing ceremony at the New York Stock Exchange (NYSE) today, January 8, 2025. The bell ringing signifies a significant milestone for the bridge developing between traditional financial systems and cryptocurrency firms.
Exodus Movement Inc. is a leading self-custodial cryptocurrency software platform. The company was founded in 2015 and has been at the forefront of making digital assets accessible through its user-friendly and multi-asset crypto wallets. The platform allows users to have full control over their funds and facilitates seamless cryptocurrency transactions.
The NYSE welcomes @exodus to the podium to celebrate its uplisting to NYSE American! $EXOD https://t.co/tAiZMFcGKd
— NYSE 🏛 (@NYSE) January 8, 2025
Exodus rings the bell at NYSE American
Exodus successfully uplisted its class A common stock to the NYSE American on December 18, 2024. The listing was a result of the company’s final OTCQX trading session on December 17, 2024.
To commemorate the milestone, the firm participated in the NYSE opening bell ceremony. The ringing of the bell at the NYSE signals the opening or closing of the day’s trading, a significant part of the American exchange operations.
Participating in this event is a historic milestone for Exodus, the firm that came into prominence for its self-custodial crypto products. President-elect Donald Trump was afforded the same honor on December 12, 2024, only a few hours after being named Times magazine’s “Person of the Year.”
“The NYSE bell-ringing is a major milestone for Exodus and the crypto community,” the Chief Financial Officer at the firm, James Gernetzke commented. “It marks the beginning of a new chapter where crypto and traditional markets come together to create a more open, transparent, and lasting financial system.”
Benefits of the uplisting
Exodus’ transition to the NYSE American was done in order to enhance the company’s corporate profile and improve liquidity for its shareholders, both current and prospective.
At the time, CEO JP Richardson expressed enthusiasm and optimism about the uplisting. He also emphasized its significance for innovative American companies seeking to trade on premier stock exchanges.
“Exodus is thrilled to uplist on the NYSE American. It’s crucial that America’s innovative companies can trade on America’s premier stock exchanges. We expect this uplisting will raise Exodus’ corporate profile, while also enhancing liquidity for our current and future shareholders.” Richardson said.
Exodus expressed its commitment to continue innovating within the cryptocurrency sector. The self-custodial wallet provider’s transition to a more prominent exchange will attract a broader investment base and increase its market visibility and shareholder value.
EXOD has come a long way from launching at $0.000001 per unit and is now trading at $35.01 as at the time of this post.