Crypto Wallet Maker Exodus Gains SEC Approval to List on NYSE American

TL;DR

• The SEC has approved Exodus Movement's listing on the NYSE American, the New York Stock Exchange's sister market.

• The regulator delayed the listing in May as it was still reviewing Exodus’ registration.

Exodus to List on NYSE American

Crypto wallet company Exodus Movement (EXOD) has gained approval from the United States Securities and Exchange Commission (SEC) to list on the NYSE American, the New York Stock Exchange's sibling market.

Exodus will list under its current ticker at the open of trading on Dec. 18. The company was initially slated to list on the NYSE American in May, but the SEC said it was still reviewing its registration at that time.

While commenting on this latest development, CEO of Exodus JP Richardson said, 

"We expect this uplisting will raise Exodus’ corporate profile while also enhancing liquidity for our current and future shareholders."

The approval could also signify the regulatory shift in the United States following President-elect Trump's victory in November's election.