Crypto exchange Kraken is not rushing to go public in the US, despite a friendlier policy climate. CEO Arjun Sethi stated they are financially sound and have enough capital. Other crypto companies have gone public in 2021, with Kraken previously reported to be considering an IPO in early 2026.

Kraken’s Sethi is not concerned about missing out on IPOs by other companies. Grayscale filed for a US debut after Circle’s successful IPO in June. Kraken’s competitors Gemini, Bullish, and eToro have also debuted this year, with BitGo filing to go public in September.

Kraken has raised $530 million in funding since its launch in 2011, with a $500 million venture round in September valuing the company at $15 billion. Despite Bitcoin’s recent price drop, Sethi remains confident in the long-term thesis behind investing in cryptocurrencies like Bitcoin and Ethereum.

Read more at cointelegraph.com: Kraken in No Rush for IPO in US, Says Co-CEO