Arjun Sethi says he doesn’t suffer from FOMO.
The question of whether Kraken’s co-CEO has a fear of missing out surfaced when DL News breached the topic of a potential public float for the US-based crypto exchange.
On paper, it’s about time. After all, the crypto industry has caught the IPO bug in a big way this year.
Rival exchanges Bullish and Gemini were listed on the New York Stock Exchange and the Nasdaq this summer, capitalising on sweeping market optimism thanks to the US government’s nouveau pro-industry policies.
Now, with pro-crypto President Donald Trump in the White House and a friendlier leadership at the US Securities and Exchange Commission that dropped its case against Kraken in March, one would imagine that those plans would be revitalised.
Yet, Sethi said in an exclusive interview that Kraken won’t follow suit just yet.
“If we were a part of what I call the pack of companies that have FOMO to go public, then we would have already filed,” he told DL News.
Deal hunting
The comments punctuate months of speculation suggesting that Kraken is plotting an IPO as early as the first quarter of 2026.
Kraken even hinted as far back as 2021 that it planned to go public, but those plans were delayed due to market downturns and conflicts with the SEC during the Biden administration.