PANews reported on November 14th, citing Cointelegraph, that Kraken co-CEO Arjun Sethi stated in an interview with Yahoo Finance that the company is in no hurry to go public in the US. He stated that the company is financially sound, possesses a strong understanding of operational risk management, and as a private company, currently has sufficient capital on its balance sheet. It will not rush into anything, nor will it experience FOMO due to other companies going public. Furthermore, Sethi seems unconcerned about cryptocurrency price declines. He pointed out that observing the overall trend of cryptocurrencies, Bitcoin, and other assets reveals that all asset classes experience continuously changing curves. More important than price volatility is understanding the underlying logic of buying assets like Bitcoin and Ethereum, and the reasons for making such a choice compared to holding US dollars or other stocks.
In September, Kraken's co-CEO stated that they were not in a hurry to proceed with their IPO plans and would instead consider further acquisitions .
