Crypto wallet developer Exodus Movement announced Monday that it received the approval for listing its common stock on the NYSE American. The stock, with ticker EXOD, will start trading on the platform on May 9.

“Trading on the NYSE American will allow Exodus to create greater long-term value for our stockholders by increasing our presence within the investor community and, in turn, increase liquidity,” Exodus CEO and Co-founder JP Richardson stated.

NYSE American, formerly known as the American Stock Exchange (AMEX), caters to companies with smaller market capitalization compared to the NYSE.

EXOD has been already been listed on the OTCQX market, and the latest approval will see Exodus’ stocks “uplisted” to the NYSE. The company added that existing stockholders need not take any …