Kraken said it has no plans to rush into a US public listing, stressing that its current cash and risk controls give it room to wait.

According to co-CEO Arjun Sethi, the exchange is “financially sound” and holds enough capital on its balance sheet as a private company.

Kraken has raised $530 million since its 2011 founding, with a $500 million round in September that valued the firm at $15 billion.

“We have enough capital on our balance sheet as a private company,” Sethi said. “We don’t race to the door as quickly as possible.”

Company Says It Has Plenty Of Capital

Sethi told Yahoo Finance that Kraken won’t rush things up just because peers are going public. Reports have disclosed that other crypto firms have seized the moment; still, Kraken’s leaders say they prefer to set their ow

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