Kraken CEO: Company Not in a Hurry to Go Public in the U.S.

BlockBeats News, November 14, according to Cointelegraph, despite the market downturn, the cryptocurrency exchange Kraken is not in a hurry to go public in the United States, even though a friendly policy environment and improved market conditions have prompted other cryptocurrency companies to pursue an initial public offering (IPO).

Kraken's Co-CEO, Arjun Sethi, said in an interview on Thursday: "Our financial situation is robust, and we know how to manage risk in running the company." He added, "As a private company, we have enough capital on our balance sheet and are not eager to rush to the IPO gate."

As for the recent Bitcoin price drop, Sethi is not worried. In the past day, Bitcoin has fallen by over 4%, approaching $97,000, a drop of over 22% from its high point in early October of over $126,000. Sethi said, "If you only look at the overall trend of the cryptocurrency market, the curves of Bitcoin and various asset classes will constantly change. More importantly, you are buying into the investment logic of Bitcoin, Ethereum, or any asset, rather than holding onto dollars or other stocks."