Crypto pockets firm Exodus Motion (EXOD) has been accepted to record on the NYSE American, the New York Inventory Exchange’s sibling market.
Exodus, which might be listed underneath its present ticker on the open of buying and selling on Dec. 18, was initially meant to be listed on NYSE American in Could, however the U.S. Securities and Exchange Fee (SEC) mentioned it was nonetheless reviewing the corporate’s registration.
The approval of Exodus’ uplist could also be an indication of a change within the regulatory sentiment towards cryptocurrency following President-elect Trump’s victory in November’s election with the promise of operating a pro-crypto administration.
“We expect this uplisting will raise Exodus’ corporate profile, while also enhancing liquidity for our current and future shareholders,” CEO of Exodus JP Richardson mentioned.
Exodus inventory, at present listed on the OTC Markets (OTCQX), rose as a lot as 10.5% earlier than pairing all of thegains.
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