Kraken has announced it will not pursue an initial public offering (IPO) in the U.S., despite favorable market conditions. Co-CEO Arjun Sethi highlighted the exchange's strong financial position, stating that additional funding is unnecessary for its operations. Sethi emphasized Kraken's robust balance sheet and conservative strategy, which allow the company to manage risks independently. The cryptocurrency exchange, valued at $15 billion as of September 2024, has raised approximately $530 million to date. Kraken remains focused on long-term development, prioritizing its strategic goals over public market pressures.