Crypto exchange Bullish made its public debut on the New York Stock Exchange (NYSE) with an overwhelmingly positive response from investors.

Shares opened 143% higher at $90, surging dramatically from the IPO price of $37 per share. The dramatic rise in price triggered an NYSE volatility halt multiple times during the day.

The company briefly reached a market capitalization of $13 billion during the day, before ending the day’s trade with a value of over $10 billion.

This story is an excerpt from the Unchained Daily newsletter.

That valuation puts it well above the $5.4 billion the company originally sought when it listed, and ahead of the $9 billion valuation it had targeted in 2021 before scrapping its IPO. 

Last month, Bullish partnered with the Solana Foundation to drive the use of Solana-native stablecoins across its trading, custody, and settlement operations.

Bullish, which clears over $2.3 billion in daily trading volume, will now aim for real-time settlements with Solana’s blockchain.