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Exodus Movement, Inc. based in Delaware (USA) was founded in 2015 and offers its clients solutions related to the storage of digital currencies - electronic wallet. They have a desktop and mobile application at their disposal, and the company makes sure that its platform does not require extensive technical knowledge. Almost anyone who understands at least the basics of cryptocurrencies and can handle a simple application can work with this electronic wallet.
Of course, there is a lack of support for the most well-known cryptocurrencies, such as BTC, ETH, XRP, BNB and others. The application also offers the possibility of exchanging cryptocurrencies and thus a very simplified form of exchange, intended more for less experienced users of cryptocurrencies. It is also important to mention that all private keys are encrypted directly on the user's device, which brings privacy, security and, in particular, complete control of the client over their funds. The company itself claims that they are on a mission to liberate at least half of the world from the traditional financial system by 2030, and so far they are doing quite well.
According to a public announcement on Thursday, they received the green light from the US Securities and Exchange Commission (SEC) for a public offering of shares. These are currently available on the market and investors can obtain them directly through the e-wallet application. The only condition is, of course, verification of the client and compliance with all regulations from the regulator - KYC and AML.
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The company applied for registration in February this year. The public offer entitlement they have obtained is in the form of an exemption, under which entities may sell also unregistered shares ("Regulation A"). It is possible to participate in the public offer by purchasing one share for USD 27.42, and together the investor can purchase a maximum of 2,733,229 shares of the company. Investor registration is possible with an agent or directly in the Exodus application.
If you have enjoyed this report and would like to become a shareholder in Exodus, we do not have the best news for you. Currently, shares can only be purchased by U.S. residents located on their territory (except Arizona, Florida, and Texas).
Read also: THE VALUE OF THE CRYPTOCURRENCY MARKET HAS EXCEEDED $ 2 TRILLION
However, the company is exploring alternative trading system (ATS) partnerships that could potentially expand the availability of Exodus shares. One of the mentioned options for the offer in other jurisdictions outside the USA is the tZERO ATS platform and there is also talk of negotiations with the MERJ Exchange. Exodus will certainly inform about any new opportunities to purchase shares.
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