Main software program cryptocurrency pockets Exodus has gone public on the digital asset securities agency Securitize Markets following a $75 million crowdfund capital elevate.
Exodus’ shares started buying and selling on Securitize on Wednesday, permitting traders from all throughout the US and worldwide traders from greater than 40 nations to commerce the Exodus Class A typical inventory.
Buying and selling underneath the ticker image EXOD, the Exodus Class A typical inventory is digitally represented on the Algorand blockchain by way of widespread inventory tokens.
Tokenized shares in @Exodus_io are actually buying and selling on Securitize Markets. Retail traders included! With 24-7 order placement, 8am-8pm ET buying and selling hours, near-instant deposits and promotional $0 payment buying and selling, get began right here: https://t.co/h55WEoAQMr pic.twitter.com/JasA5C7Qbx
— Securitize (@Securitize) March 16, 2022
Based on a spokesperson for Exodus, Securitize Markets is the second buying and selling venue to checklist Exodus shares after launching on tZero in September 2021. The brand new itemizing on Securitize permits the agency to onboard new retail traders and lift funds, Exodus CEO and co-founder JP Richardson mentioned:
“Securitize’s platform enabled us to onboard over 6,800 principally retail traders and lift $75 million. Now, with the buying and selling of Exodus shares on their platform, it is all underneath one roof. We’re very excited concerning the elevated capability to commerce our shares.”
As beforehand reported, Exodus raised $75 million by way of a mini preliminary public providing sale permitted by the U.S. Securities and Alternate Fee in Could 2021. The SEC beforehand registered the Securitize platform as a switch agent in 2019. The digital securities platform is backed by some main crypto firms and traders, together with Coinbase, Morgan Stanley funding funds and Blockchain Capital.
“Now that Exodus shares can be found for retail traders to commerce on Securitize Markets, an even bigger marketplace for their shares, value discovery and liquidity potential has been created, and this must be an instance to many different non-public companies that need to elevate capital from their neighborhood,” Securitize CEO Carlos Domingo mentioned.
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Exodus initially bought its shares at a value of $27.42 per unit. Based on the newest obtainable knowledge on TradingView, EXOD was trading at $15.9 on March 14.
Based in 2015, Exodus is a serious software program cryptocurrency pockets built-in with a decentralized crypto trade. Final week, the corporate reported almost $96 million in revenues for the fiscal yr of 2021, which is a 350% enhance year-over-year.
