On January 8, 2025, executives of Exodus Movement Inc (EXOD), a wallet digital self-custody of crypto assets, rang the opening bells of the New York Stock Exchange (NYSE), thus making official its listing in the largest financial operations center in the world by market capitalization.
This ceremony can be seen as a validation from traditional finance (TradiFI) towards a company linked to the cryptocurrency ecosystem, showing that these companies can meet necessary regulatory standards to be listed on the most relevant stock exchanges.
Furthermore, greater adoption of companies linked to cryptoassets by traditional sectors could facilitate access to capital and increase confidence of investors in the decentralized finance ecosystem (DeFi).
As reported by NoticiasVE, EXOD began operating on the NYSE on December 18, 2024, after receiving delayed approval from the United States SEC (Securities and Exchange Commission), which was planned to take place in May of last year.
Before entering the NYSE, and since October 2021, EXOD shares were listed on the over-the-counter stock trading platform “OTCQX”, operated by the OTC Markets group.
How did EXOD perform after the official listing on the NYSE?
The market response did not seem to have been very strong. According to data from Yahoo Finance, Exodus shares began the day at around $40, hitting a daily high of nearly $45. At the time of this article, its market price fell to the $36 area.
However, reviewing how EXOD shares behaved on December 18, when they began trading in this market, that day they rose from $39 to almost $53.
Exodus, a self-custody wallet for Bitcoin and crypto assets
You are one of the Exodus wallet digital that allows self-custody of private keys that give access to user funds. In addition, it is designed to manage and execute transactions with bitcoin (BTC) and cryptocurrencies such as ether (ETH), XRP (XRP), solana (SOL), and others, without the need to use a exchange external.
Among some of its functionalities, this wallet allows the staking of, for example, ether and SOL, with annual rates of 3.6% and 6.7%, respectively.
Additionally, users can navigate your Web3 interfacewhich grants access to decentralized finance applications (dApps y DeFi). For example, among some of these options is Alpaca Finance, a Yield Farming protocol to generate passive income based on the Binance Smart Chain.
It is also possible to operate on Compound Finance, one of the most used cryptocurrency lending platforms in the Ethereum ecosystem and its second layer (L2) networks.
Ultimately, Exodus is available for download as a desktop (Windows, Mac, Linux) and mobile (iOS, Android) app, and also as a browser extension (for browsers like Chrome and Brave).