Exodus Movement Debuts on NYSE American, Stock Rises 37%

Exodus Movement, a crypto wallet provider, began trading on the NYSE American, marking its debut on a major U.S. exchange. The company's stock, under the ticker EXOD, surged 37% on its first day, reaching a high of $64.50 before settling around $53. Previously traded on OTC Markets, Exodus aims to enhance its investor presence and liquidity through this listing. The firm reported $20.1 million in revenues and a net loss of $800,000 for Q3, with revenues primarily from exchange services. Exodus has partnered with Ledger and Magic Eden, highlighting its growth and market adoption.