Peter Thiel-backed cryptocurrency exchange Bullish surged on its market debut after an upsized initial public offering, in a further sign of investors’ strong demand for digital asset stocks.

Shares of Bullish, a cryptocurrency exchange backed by Peter Thiel, soared in their debut on the New York Stock Exchange Wednesday.

Bullish is the latest stock to surge in its market debut, joining others like Figma and CoreWeave, which saw stunning day-one rallies following IPOs.