SEC Approves Crypto Wallet Maker Exodus to List on NYSE American After Denying It in May

Crypto wallet company Exodus Movement (EXOD) has been approved to list on the NYSE American, the New York Stock Exchange's sibling market. Exodus, which will be listed under its current ticker at the open of trading on Dec. 18, was originally meant to be listed on NYSE American in May, but the U.S. Securities and Exchange Commission (SEC) said it was still reviewing the company's registration . The approval of Exodus' uplist may be a sign of a change in the regulatory sentiment toward cryptocurrency following President-elect Trump's victory in November's election with the promise of running 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 said. Exodus stock, currently listed on the OTC Markets (OTCQX), rose as much as 10.5% before pairing all of thegains. Read More: How Trump Can Help Crypto on Day One