eToro’s shares jumped nearly 29% during their first day of trading on the Nasdaq, following an initial public offering that valued the company at about $4.2 billion.

The trading platform priced its IPO at $52 per share, well above its originally projected range, and raised approximately $310 million by selling close to 6 million shares.

While the broader market showed mixed movements—with the S&P 500 and Nasdaq gaining ground and the Dow Jones Industrial Average declining—Bitcoin (BTC) dipped slightly, trading near $103,400.

eToro is the first crypto-related company to successfully launch its IPO after several others, including stablecoin issuer Circle, delayed their public offerings amid April’s market uncertainty. The strong debut has set a positive precedent, as investors await the next moves from other crypto firms considering going public.