Bitcoin ATM operator Bitcoin Depot today launched on the Nasdaq stock exchange, making it the first U.S. company of its kind to go public.

The company—one of the largest Bitcoin ATM operators in the country—last week announced its merger with blank check company GSR II Meteora.

Bitcoin Depot, which is listed under the ticker BTM, was trading for $3.61 per share at the time of writing, according to Nasdaq data. At one point earlier this morning, the price was as high as $6.62—a noticeable shift.

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Despite the bear market affecting the digital asset industry this year, the adoption of cryptocurrency ATMs has continued to grow, powered by different factors. 

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