The first trade in crypto-trading platform Bullish's stock was at $90 at 1:01 p.m. Eastern for 4.6 million shares, or 143.2% above the IPO pricing of $37. The strong opening comes after the number of shares sold was upsized to 30 million from an original expected offering of 20.

Cryptocurrency exchange operator Bullish (BLSH) opened for trade on Wednesday afternoon at $90 per share before surging further, leading to a trading halt in the stock and pushing shares up more than 200% from the company's IPO price just moments after its market debut.

Bullish's shares were indicated to open more than 75% above their initial public offering price on Wednesday, signaling growing investor confidence in the sector and boosting prospects for future U.S.