Arjun Sethi, co-CEO of crypto exchange Kraken, said the company is not really in a hurry to go public in the US, even though everyone else seems to be doing that.

Speaking to Yahoo Finance, Sethi said the company is 'financially sound' and, at least for now, they're happy to remain private and avoid rushing a public IPO.

“We don’t race to the door as quickly as possible,” Sethi said, and he also added there's no 'fear of missing out' as they see direct rivals debut on the stock market.

Coinbase is obviously public, and then Grayscale filed for a US listing, Circle is also public, as is Gemini, and also Bullish, eToro and Figure. BitGo is also going public soon.

Kraken is currently valued at around $15 billion, and analysts insist it'll likely file for an IPO in 2026.

We'll see.