According to DL News, Kraken co-CEO Arjun Sethi stated in an interview that the company will continue to pursue acquisition opportunities but will not pursue an initial public offering (IPO) for the time being. While competitors Bullish and Gemini listed on the New York Stock Exchange and Nasdaq this summer, Sethi stated that Kraken will not follow suit: "If we were in a panic about going public, we would have already submitted our application."