TechFlow news, September 23 — According to DL News, Kraken co-CEO Arjun Sethi said in an exclusive interview that the cryptocurrency exchange will continue seeking acquisition opportunities but has no plans for an initial public offering (IPO) in the near term.
"We're always evaluating strategic fits, but we're not doing 'blind shotgun' deals," Sethi said. In September, Kraken acquired retail futures trading platform NinjaTrader for $1.5 billion, followed by the acquisition of proprietary trading firm Breakout.
Regarding IPOs, while rivals Bullish and Gemini listed on the New York Stock Exchange and Nasdaq this summer, Sethi made clear Kraken won't follow suit: "If we had a panic-listing mentality, we'd have filed already."
Add to Favorites
Share to Social Media
