Crypto wallet provider Exodus Movement (EXOD) has secured the approval to list on the NYSE American, which is affiliated with the New York Stock Exchange. The company will be listed using its current ticker at the market's opening on December 18. Previously, Exodus was expected to launch its listing in May; however, the U.S. Securities and Exchange Commission (SEC) indicated that it was continuing its registration review.

Key Points:

• Exodus Movement is set to begin trading on the NYSE American.
• The listing will proceed with its existing ticker on December 18.
• Earlier plans for a May listing were postponed due to an ongoing SEC evaluation.

The endorsement for Exodus's market listing may reflect a shift in regulatory viewpoints towards cryptocurrencies, encouraged by promises of a pro-crypto administration following the election of President-elect Trump in November.

"We expect this uplisting will raise Exodus’ corporate profile, while also enhancing liquidity for our current and future shareholders," stated CEO JP Richardson.

Exodus's shares, currently traded on the OTC Markets (OTCQX), experienced a surge of up to 10.5% before stabilizing.