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Bithumb announces its IPO plan, targeting to complete its listing by 2028.

52 minutes ago

According to an official announcement, South Korea’s leading cryptocurrency exchange Bithumb has officially announced its IPO plans, disclosing a three-phase timeline: complete internal control optimization and preparations for conversion to K-IFRS (Korean International Financial Reporting Standards) by 2026; submit a preliminary listing application in 2027; and complete its official listing in 2028. To advance the IPO, Bithumb has rolled out multiple reform measures, including introducing an institutional-level risk management system, pushing forward the spin-off of its subsidiary Bithumb Asset to optimize its governance structure, partnering with large domestic and international securities firms and law firms, and expanding investor relations (IR) communication channels. Bithumb noted that the IPO aims to enhance corporate transparency and investor protection via institutionalized financial standards, and elevate the overall credibility of South Korea’s crypto asset sector.

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