According to PANews, Exodus Movement, a Bitcoin wallet software developer, announced on Monday that it has received approval to list its common shares on the New York Stock Exchange (NYSE). CEO of Exodus, JP Richardson, stated that the company has been granted qualification by the U.S. Securities and Exchange Commission (SEC) and is eligible to trade on NYSE American.
The SEC's qualification implies that the company has been authorized to issue and sell Class A common shares to investors under Section A of the Securities Act, thereby allowing Exodus to raise funds from the public in a regulated manner. Currently, Exodus shares are traded on the OTCQX exchange, and this will continue until May 8. Following this, the shares will begin trading on NYSE American from May 9.
