[Kraken Co-CEO: No Rush to Advance IPO Plans, Will Consider More Acquisitions] According to DL News, Kraken Co-CEO Arjun Sethi stated that although competitors Bullish and Gemini went public on the NYSE and Nasdaq respectively this summer, Kraken will not follow suit, emphasizing that they will not act hastily due to FOMO (Fear of Missing Out). This comment addresses earlier speculation about Kraken planning an IPO as early as Q1 2026. As part of the industry's acquisition wave, Kraken is actively acquiring smaller companies. Sethi confirmed that Kraken is still seeking acquisitions but will not blindly pursue "scattershot" deals. He noted that previous acquisitions of Breakout and NinjaTrader were highly aligned with Kraken's development strategy. In addition to acquisitions, Kraken is busy launching a series of new services. Its business has expanded into custody and prime brokerage services, aiming for institutional investors to contribute one-third of its revenue, while retail and mid-market traders contribute the remaining two-thirds. However, Sethi did not disclose how close Kraken is to achieving this goal. Sethi firmly stated that Kraken is unique and has no intention of becoming a bank or brokerage firm. He declined to reveal the current valuation but confirmed that prior to the March acquisition of NinjaTrader, Kraken's valuation was $15 billion. He also mentioned that the company has positive EBITDA and is profitable.