Kraken Says No Rush to Join Crypto IPO Wave in US

Written by Aaron S.,

Editor-In-Chief

Last Updated: November 14, 2025

Key Takeaways

Kraken has no immediate plans to go public in the US, despite a growing trend among crypto companies to pursue stock market listings;
Co-CEO Arjun Sethi said Kraken is financially stable and does not need to seek outside funding through a public offering;
While other firms go public, Kraken prefers to observe and learn from their experiences before making any decision.

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While several cryptocurrency companies are choosing to go public in the United States, Kraken is taking a different path.

The digital currency exchange stated that it has no urgent plans to list its shares on a US stock exchange.

Arjun Sethi, one of Kraken’s co-CEOs, shared in an interview with Yahoo Finance that the company is in a strong financial position.

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He explained that Kraken manages its risks carefully and currently has enough funds to operate as a private business. Because of that, there is no pressure to become a publicly traded company anytime soon.

Sethi noted, "We’re not in a race". He added that Kraken does not feel the need to follow others simply because they are going public.

In 2025, several crypto-related firms have taken steps toward stock market listings. These include Kraken’s competitors, such as Gemini $347.38M , Bullish $4.93B , and eToro, as well as Figure.

Another company, BitGo, which offers crypto custody services, filed to go public in September.

Despite this trend, Sethi emphasized that Kraken does not feel the need to act just because others are. He pointed out that other firms going public are helping shape the market’s understanding of the industry.

Recently, Kraken took a step to grow its US derivatives business by acquiring Small Exchange, a US-regulated futures market. What did Sethi say? Read the full story.