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.

It’s been a good year for the financials sector. Between President Trump’s deregulatory platform and the anticipation of the Federal Reserve cutting interest rates at its September meeting, financials have put together a strong performance.

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.