{"id":7638,"date":"2024-12-26T13:44:23","date_gmt":"2024-12-26T13:44:23","guid":{"rendered":"https:\/\/predictmag.com\/blog\/?p=7638"},"modified":"2024-12-26T13:44:23","modified_gmt":"2024-12-26T13:44:23","slug":"exodus-exod-lists-on-nyse-american-stock-soars-37","status":"publish","type":"post","link":"https:\/\/predictmag.com\/blog\/2024\/12\/26\/exodus-exod-lists-on-nyse-american-stock-soars-37\/","title":{"rendered":"Exodus (EXOD) Lists on NYSE American, Stock Soars 37%"},"content":{"rendered":"

This landmark event positions Exodus, creator of one of the longest-standing operational crypto wallets, amongst a select few cryptocurrency companies publicly traded on a major U.S. exchange.<\/p>\n

Trading under the ticker symbol “EXOD,” the company’s shares experienced a meteoric rise on Wednesday, reaching an all-time high of $64.50. While the initial euphoria has somewhat subsided, EXOD currently trades at around $53, still reflecting the positive market sentiment surrounding the company’s entry onto the NYSE American.<\/p>\n

Before this occasion, Exodus traded on the over-the-counter<\/a> market (OTC Markets), utilizing the same ticker symbol. Earlier this year, the company strategically announced its intention to “uplift” to a more prominent exchange. This strategic move culminated in May 2024 when the company received official approval to list its common stock on the prestigious NYSE American, owned and operated by the renowned New York Stock Exchange.<\/p>\n

\"Exodus<\/p>\n

“By ascending to the NYSE American, Exodus unlocks a pathway to amplify long-term shareholder value,” declared JP Richardson, CEO and co-founder of Exodus. “This strategic move will significantly enhance our visibility within the broader investment community, thereby fostering increased liquidity and attracting a wider pool of investors.”<\/p>\n

As per the company’s November filing, during the third quarter of the current fiscal year, Exodus reported revenues of $20.1 million while incurring a net loss of approximately $800,000. The company’s primary revenue streams encompass a diverse range of services, including seamless fiat onboarding, robust staking solutions, and expert consulting services.<\/p>\n

In recent developments, Exodus has forged strategic alliances with industry leaders. These collaborations include a partnership with Ledger, a renowned provider of cutting-edge hardware wallets, and Magic Eden, a prominent platform dedicated to the thriving Non-Fungible Token (NFT) ecosystem.<\/p>\n

“Our third-quarter performance underscores the robust foundation of our business model,” declared James Gernetzke, CFO of Exodus. “We achieved significant year-over-year revenue growth while maintaining profitability, a testament to the burgeoning adoption of the digital asset market.”<\/p>\n

Get free access to our lifetime VIP membership. Join us here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

This landmark event positions Exodus, creator of one of the longest-standing operational crypto wallets, amongst a select few cryptocurrency companies publicly traded on a major U.S. exchange. Trading under the ticker symbol “EXOD,” the company’s shares experienced a meteoric rise on Wednesday, reaching an all-time high of $64.50. While the initial euphoria has somewhat subsided, […]<\/p>\n","protected":false},"author":1,"featured_media":6892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[273,208,207,107,14],"tags":[10,437,436],"class_list":["post-7638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-currency","category-funds","category-today","category-trading","tag-investment","tag-nyse","tag-stock"],"yoast_head":"\nExodus (EXOD) Lists on NYSE American, Stock Soars 37%<\/title>\n<meta name=\"description\" content=\"This landmark event positions Exodus, creator of one of the longest-standing operational crypto wallets, amongst a select few.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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