Share this article
Crypto Wallet Provider Exodus’ NYSE American Stock Listing Postponed for SEC Review
Exodus was supposed to uplist to NYSE American on Thursday morning, but this is now delayed, the company said.
By Nikhilesh De
Updated May 9, 2024, 1:38 a.m. Published May 9, 2024, 1:15 a.m.
Crypto wallet company Exodus Movement will not be listing on NYSE American, the New York Stock Exchange’s sibling market, on Thursday as planned, the company announced late Wednesday.
NYSE American told Exodus on Wednesday that U.S. Securities and Exchange Commission staff were still reviewing Exodus' registration statement, which the company said had gone effective at the end of April, according to an Exodus press release.
STORY CONTINUES BELOW
Exodus was supposed to uplist from OTC (over-the-counter) trading, the company announced earlier this week, with its Class A Common Stock continuing to trade on OTCQX through the end of the day Wednesday. Its common stock will now continue trading on OTCQX.
"The Company may reconsider listing on a national securities exchange at a future date once the SEC Staff has completed its review of the registration statement," Wednesday's press release said.
The uplisting would have led for Exodus "creating long-term value for our investors by expanding our global shareholder base and boosting stock liquidity," Exodus CEO JP Richardson tweeted earlier this week.
In Wednesday's statement, Richardson said the company was "surprised and confused by this last-minute decision."
"We remain hopeful that the SEC will follow through on its commitment to treat us as the law intends. Exodus has been fully transparent and responsive throughout this process and we expect a swift resolution in this matter," he said. "In the meantime, we will continue to provide the best possible service and value for our customers and shareholders."
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
U.S. bipartisan lawmakers draw up tax bill with stablecoin and staking relief
New House proposal would exempt some stablecoin payments from capital gains taxes and allow stakers to defer income recognition for up to five years.
What to know:
- A bipartisan bill in the U.S. House aims to modernize tax rules for digital assets, addressing issues like excessive taxation and tax abuse.
- The PARITY Act proposes tax exemptions for stablecoins, deferral options for staking rewards, and aligns digital assets with traditional securities.
- The bill includes measures to prevent tax loss harvesting in crypto and offers tax benefits to foreign investors trading through U.S. brokers.
Top Stories
