Exodus crypto wallet starts trading on SEC-registered platform

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Exodus, a major cryptocurrency wallet, has gone public on the Securitize Markets digital stock exchange after raising $ 75 million in crowdfunding capital.

Exodus shares began trading on Securitize on Wednesday, allowing investors from across the United States and international investors from more than 40 countries to trade Exodus’ Class A shares.

Exodus Class A common stock, traded under the EXOD ticker, is digitally represented on the Algorand blockchain using common stock tokens.

According to a spokesperson for Exodus, Securitize Markets is the second market to list the Exodus share after its launch on tZero in September 2021. The new listing on Securitize allows the company to attract new retail investors and raise funds, said Exodus CEO and co-founder JP. . Richardson said:

“Securitize has given us access to more than 6,800 investors, mostly individuals, and raised $ 75 million. Now that Exodus shares are traded on their platform, everything is under one roof. We are very excited about the opportunity to trade our shares. ”
As previously reported, Exodus raised $ 75 million in a mini-stock exchange listing approved by the SEC in May 2021. The SEC previously registered Securitize as a transfer agent in 2019. The digital securities platform is supported by some crypto companies and investors. The most important, including Coinbase, Morgan Stanley Investment Fund and Blockchain Capital.

“Now that Exodus shares are available to individual investors to trade on exchanges, a larger market has been created for their shares and price discovery and liquidity potential, this should be an example for many other private companies looking to raise capital from their community, “in Carlos Domingo. CEO of Securitize.

Related: Crypto-related stocks jump in positive reaction to decree

Exodus originally sold its shares for $ 27.42 per share. According to the latest data available on TradingView, Exodus traded for $ 15.9 on Monday.

Exodus Class A 90-day regular stock chart. Source: TradingView
Exodus, founded in 2015, is a large software wallet for cryptocurrency integrated with a decentralized cryptocurrency exchange. Last week, the company reported a turnover of almost 96 million dollars for the financial year 2021, up 350% from last year.

Source: CoinTelegraph

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