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Bithumb IPO: Public Listing by 2028 Amidst Market Shifts
5 Aug
Summary
- Bithumb aims for a public listing by 2028, with a three-stage plan.
- The exchange is prioritizing internal control upgrades and governance.
- A preliminary listing review is scheduled for 2027 with regulators.
South Korea's second-largest crypto exchange, Bithumb, has announced an IPO timeline targeting a public listing by 2028. This plan is structured in three stages, commencing with internal control enhancements and a transition to global accounting standards throughout 2026.
As part of its preparations, Bithumb has spun off its asset management division into a separate entity, Bithumb Asset. This move aims to clarify responsibilities and mitigate potential conflicts of interest.
The second stage, set for 2027, involves filing for a preliminary listing review with Korean regulators. The final stage anticipates the IPO's completion in 2028, though the schedule remains subject to market conditions and regulatory reviews.
Bithumb has indicated a preference for listing on the Kosdaq market. The exchange has pledged improved governance, stronger internal controls, and enhanced investor protection to align with institutional-level, global standards.
