Exodus Takes the ‘Next Step’ in Democratizing Finance

Exodus is offering Class A common stock via the tZERO alternative trading platform regulated by FINRA and the SEC in order to broaden the potential investment community


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key takeaways

  • Exodus’ groundbreaking Reg A+ offering, and upcoming listing on tZERO, “gives the broader investment community unique front row access to a Company that’s directly participating in the unprecedented growth of the digital currency movement
  • In Q2, we achieved our greatest number of monthly active users, our most fiat onboarded, and our highest quarterly revenue to date,” said James Gernetzke, CFO of Exodus. Q2 revenue came in at $27.7 million, a 651% year-over-year increase

Trading of the Exodus Movement, Inc. (Exodus) Class A common stock will begin on September 14, 2021. Shares will be traded on the tZERO alternative trading system (ATS), a wholly-owned broker-dealer subsidiary of tZERO regulated by FINRA and the SEC.

Let’s take a look at this development, what it means for the companies involved, and how investors might take advantage of this opportunity.

What does this mean for Exodus?

Exodus is the leading non-custodial crypto wallet platform. By listing shares of stock on the tZERO platform, Exodus is “taking the next step in the democratization of finance,” according to Sebastián Milla Goñi, chief of special projects at Exodus.

Solomon Tesfaye, head of business development and capital markets at tZERO, echoed this sentiment by noting that if the company had chosen to offer shares of equity using other, more traditional means, “the broader investment community would not have access to an investment like Exodus. A lot of wealth creation now happens in the private markets and either the equity checks are too large for a retail investor to be able to participate, or most accredited investors are not even invited to the table to invest.”

Everyone can access the general cryptocurrency markets; soon everyone may also own shares of a publicly traded company on the forefront of the crypto industry, too, noted Milla Goñi.

Why tZERO?

There are several alternative trading systems on the market today. Why has Exodus chosen to list their shares on tZERO?

Tesfaye put it this way: “tZERO has the longest track record in the space, and we have over 75% of the actual digital security asset market on our platform, and our volume reflects over 95% of global volume within the space. Given Exodus’s scale, they thought we were the most appropriate venue to be hosting their equity from a trading perspective.”

This should give potential investors confidence that they can trade shares of Exodus on a trusted, well-established alternative trading system, he added.

Why should investors take note?

Exodus gives investors a first-of-its-kind opportunity to access the growth of bitcoin and cryptocurrency markets from the comfort of a traditional security. “In Q2, we achieved our greatest number of monthly active users, our most fiat onboarded and our highest quarterly revenue to date,” said James Gernetzke, chief financial officer of Exodus.

Exodus recently released its Second Quarter 2021 earnings results. Revenue came in at $27.7 million, a 651% year-over-year increase. The company has nearly doubled its staff over the past year, and in an industry not known for strong customer service, Exodus’s median response time to its customer inquiries dropped to eight minutes flat. 

Solomon added that it’s “extremely easy” for new investors to get started on the tZERO ATS platform, fund their account and purchase shares.

He said that the experience is “exactly like creating a Schwab or eTrade account,” so there’s no steep learning curve for those who want to trade on the platform.

Investors interested in trading shares of Exodus can set up a tZERO account from within the Exodus app. The following guide contains instructions on how to register an account to get started: Click here and discover how to buy Exodus shares.


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