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Arjun Sethi, co-CEO of Kraken, is steering the cryptocurrency exchange into a new era with bold moves ahead of its anticipated IPO. Known for blending his personal and professional worlds, Sethi has transformed his Menlo Park home into a hub for strategy and product innovation, with the aim of making Kraken a central force in the next phase of digital finance.
Founded in 2011, Kraken has long commanded respect among traders but is now expanding its footprint with major acquisitions, including the $1.5 billion purchase of NinjaTrader. The company is also making waves with xStocks—blockchain-based versions of traditional equities like Apple and Tesla—offering investors cheaper, decentralized access to global markets. Backed by a fresh $500 million funding round that valued Kraken at $15 billion, expectations from investors are running high.
Despite leadership changes and executive turnover, Kraken’s momentum continues to build. With strong revenues, a reputation for innovation, and Sethi’s push to merge traditional finance with blockchain technology, Kraken is positioning itself to challenge industry giants and redefine how the world trades assets.
