Bithumb sets 2028 IPO timetable as it overhauls internal controls
The South Korean exchange plans to seek preliminary listing review in 2027 while overhauling controls after a February crediting error.
South Korean cryptocurrency exchange Bithumb has announced plans to seek preliminary listing review in 2027 and complete an initial public offering (IPO) in 2028. The exchange has reorganized its business structure, including spinning off Bithumb Asset, to clarify responsibilities and reduce potential conflicts of interest ahead of the listing review.
Bithumb plans to upgrade internal controls and shift from domestic accounting standards to K-IFRS, the international accounting framework used by listed companies in South Korea. The exchange is also one of five South Korean platforms that support fiat currency trading through real-name bank accounts, offered through its partnership with KB Kookmin Bank.
Bithumb's listing push comes as rival South Korean exchanges deepen their ties with traditional finance and technology groups.
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