Home News Exodus crypto wallet starts trading on SEC-registered platform

Exodus crypto wallet starts trading on SEC-registered platform

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Following a $75 million crowdfund capital raising, Exodus, a major software bitcoin wallet, has gone public on the digital asset securities business Securitize Markets.

In fact, Exodus Class A common stock began trading on Securitize on Wednesday. Allowing investors from around the US as well as overseas investors from more than 40 countries to trade the company.

Moreover, the Exodus Class A common stock, which trades under the ticker name EXOD, is digitally represented on the Algorand blockchain via common stock tokens.

Additionally, Exodus shares were first listed on tZero in September 2021. And Securitize Markets is the company’s second trading venue, according to a spokeswoman. Likewise, the software bitcoin wallet’s CEO and co-founder JP Richardson stated the new Securitize listing will allow the company to attract additional retail investors and obtain funds:

“Using Securitize’s platform, we were able to onboard over 6,800 investors. The majority of whom were retail, and raise $75 million. With the addition of Exodus shares to their platform, everything is now under one roof. We’re ecstatic with the improved ability to trade our stock.”

SEC approved Securitize as a transfer agent

Exodus raised $75 million in a mini-IPO permitted by the Securities and Exchange Commission in May 2021, as previously reported. In 2019, the Securities and Exchange Commission (SEC) approved Securitize as a transfer agent. Coinbase, Morgan Stanley investment funds, and Blockchain Capital have all backed the digital securities platform.

“Now that Exodus shares are available for individual investors to trade on Securitize Markets, a larger market for their shares has been created. Which allows for better price discovery and liquidity”. And this should serve as a model for many other private companies looking to raise funds from their local community,” said Carlos Domingo, CEO of Securitize.

Exodus’ shares initially auctioned for $27.42 each. From March 14, EXOD was trading at $15.9, according to the latest available data on TradingView.

Exodus Class A common stock’s 90-day chart. Source: TradingView

Exodus is a large software cryptocurrency wallet and decentralised cryptocurrency exchange that founded in 2015. The corporation announced approximately $96 million in revenue for the fiscal year 2021 last week. A 350% increase from the previous year.

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