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This Is What MainStream Crypto Looks Like - Exodus Wallet Gets SEC Approval

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It's been years in the making finally crypto currency adopted by the masses and able to tap into some seriously huge market caps. Is it all we wished for or is it a double edge sword?

Exodus wallet is a wallet many people use as a desktop application. Let's be honest the UI on that thing is beautiful and some of these other wallets could seriously learn a thing or two about creating a nice user friendly wallet.

It's simple to use, easy to understand, updates near live and makes trading and moving funds simple without all the complicated craziness.

In February Exodus filed with the SEC for Regulation a offering which is what allows an entities to sell unregistered shares. ON Thursday those prices started out at $27.42 per share and can be done right from the desktop application. It is open to U.S residents only excluding states of Arizona, Florida and Texas.

Kind of floors me that Florida is on that list since many have been pushing for cities etc. to start using crypto and being crypto friendly.

They are currently in talks with ATS or Alternative trading systems. All that means is it's not on the stock market instead it's traded through other alternative systems that match people up with each other for buying and selling these shares. The stock is set to a Class A Common stock.

What is a Class A Share?

Class A shares come with more voting rights unlike Class B shares but there is no legal requirement of that company having to structure their shares in this way. Most likely we will see Class B shares come out of this which will hold the majority of the weight in terms of voting in which case these are almost always primarily owned by the management team CEO etc.

With all of this going on including pushes for ETFs again we are seeing crypto enter stocks. Stocks currently hold roughly 95 trillion dollars in value. Dwarfing all of cryptocurrencies 2 trillion. It just goes to show you how a 10x on bitcoins price or be that any crypto under it is not out of the question and not all that hard to obtain. It would be bitcoin would be work $500,000+ each!

As of the last few months we have seen more money flow into the stock market than ever before. This is a combination of many things that I wont get in depth on in this article.

Posted Using LeoFinance Beta