Kraken's co-CEO Arjun Sethi has reiterated that the cryptocurrency exchange is not in a hurry to go public in the United States. In an interview with Yahoo Finance, Sethi emphasized that Kraken is financially robust, with a solid grasp of operational risk management and ample capital reserves. He stated that the company will not succumb to FOMO from other firms going public and remains focused on its strategic goals.
Sethi also downplayed concerns over cryptocurrency price fluctuations, highlighting the importance of understanding the fundamental reasons for investing in assets like Bitcoin and Ethereum over traditional currencies or stocks. This stance aligns with his previous comments in September, where he indicated that Kraken would prioritize potential acquisitions over immediate IPO plans.
Kraken Co-CEO Reaffirms No Rush for U.S. IPO Amid Strong Financial Position
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