The Block Crypto News19 minutes ago

Published on May 09, 2024 03:20 GMT+00:00edited on May 09, 2024 03:24 GMT+00:00

Crypto wallet developer Exodus Movement’s Class A common stock listing on the NYSE American has been postponed until the U.S. Securities and Exchange Commission finalizes its review of the company’s registration statement, the company said in a statement Wednesday.

Exodus Movement’s common stock, with ticker EXOD, was scheduled to start trading on the small cap equity trading platform from Thursday. Its CEO JP Richardson previously stated that being listed on NYSE American would help the company expand its presence and increase liquidity.

“While we are 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,” Richardson said in the Wednesday statement. “Exodus has been fully transparent and …