AsianFin -- Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, raised the proposed price range for its U.S. initial public offering on Tuesday, seeking a valuation of up to $3.08 billion amid growing investor appetite for digital asset ventures.

The firm now plans to sell 16.67 million shares at $24 to $26 apiece, up from an earlier range of $17 to $19, aiming to raise as much as $433.3 million. Nasdaq has agreed to purchase $50 million worth of shares through a private placement concurrent with the listing, Reuters reported, citing sources.

The move comes as U.S. IPO activity regains momentum, supported by buoyant equity markets and expectations of lower interest rates. Crypto-related firms have stood out in the recovery, benefiting from regulatory support, rising ETF inflows, and institutional adoption.

On the same day, blockchain lender Figure Technologies also lifted its IPO price range and expanded the size of its offering.