Venture Capital, Startups, and Web3 by Arjun Sethi
Arjun Sethi serves as co-Chief Executive Officer of Kraken, one of the longest-operating cryptocurrency exchanges in the U.S., and is co-founder of Tribe Capital. His appointment at Kraken in October 2024 followed the company’s decision to restructure its team, reducing headcount by 15 percent and initiating a product consolidation effort. Before Kraken, Sethi oversaw venture activity through Tribe Capital, which managed over USD 1.5 billion across three funds. His portfolio includes early positions in FTX US, Kraken, and LayerZero, and extends across 100+ technology startups.
In parallel, Sethi launched Termina, an institutional AI due diligence platform that raised USD 10 million in its seed round. In 2025, he voiced concern over inflated valuations of meme-coins and high-risk Layer 1 tokens, stating that Kraken would focus on fundamentals-led asset listings. Recent filings suggest Kraken is generating annual revenues between USD 1.2 billion and 1.6 billion, though the company has delayed its IPO plans citing unfavorable regulatory clarity in the U.S. Sethi’s strategy continues to combine data-led insights with cautious scaling, positioning Kraken as a conservative operator among global exchanges.