According to DL News, Arjun Sethi, co-CEO of cryptocurrency exchange Kraken, said in an exclusive interview that the company will continue to pursue acquisition opportunities, but will not conduct an initial public offering (IPO) for the time being.
"We are always evaluating strategic fit, but not doing'spray prayer 'deals," said Sethi. Kraken bought prop trading firm Breakout in September after acquiring retail futures trading platform NinjaTrader for $1.50 billion.
In terms of IPOs, while rivals Bullish and Gemini have listed on the New York Stock Exchange and Nasdaq this summer, Sethi made it clear that Kraken would not follow suit: "If we had the panic mentality to go public, we would have already filed."
Kraken Co-CEO: Not considering IPO for the time being, will continue to seek more acquisition opportunities
2025-09-23 10:25:59
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