Overview
- Co-CEO Arjun Sethi told Yahoo Finance the exchange has no immediate plan to list and will not act out of fear of missing out.
- Sethi said Kraken is financially sound with enough capital as a private company, following a $500 million raise in September that contributes to roughly $530 million total funding and a reported $15 billion valuation.
- The company has started sharing results, reporting third-quarter revenue of $648 million, double year over year, with $562 billion in trading volume for the quarter.
- Rivals have pursued U.S. listings or filings, including Circle, Grayscale, Gemini, Bullish, eToro, and BitGo, which Sethi says is helping educate investors on margins and business models.
- Bloomberg previously reported a potential listing as early as the first quarter of 2026, but Kraken has set no timeline and is prioritizing long-term strategy over short-term market swings such as the latest Bitcoin pullback.