From NYSE Gut Punch to ‘One App for Money’: Exodus Bets Self‑Custody Can Power Everyday Life
Exodus CEO JP Richardson discussed the company's derailment at the New York Stock Exchange in May 2024 and its subsequent listing on NYSE American in January. Exodus aims to create a single app for managing digital assets while maintaining self-custody.
Exodus co-founder and CEO JP Richardson recounted the company's failed NYSE listing in May 2024, which was pulled by regulators at the last minute. The company successfully listed on NYSE American in January under new administration. Exodus built a self-custodial wallet that stores keys on user devices. Richardson criticized the crypto industry's usability, citing the need for multiple wallets and seed phrases. Exodus aims to create a single app for managing digital assets, connecting to card networks, and routing payments while maintaining self-custody. The company acquired Monavate and Baanx, gaining regulated card issuing and processing infrastructure in the UK and EU.
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