Crypto exchange Bithumb is preparing to go public on the South Korean stock market, aiming to become the first digital asset company to do so. The initial public offering (IPO) is expected to take place on the KOSDAQ, South Korea’s equivalent of the Nasdaq, in the second half of 2025. Bithumb has selected Samsung Securities as its potential IPO underwriter. The decision to go public is seen as a strategic move to maintain market share and compete with Upbit, the largest crypto exchange in South Korea. Bithumb is currently the second largest crypto exchange in the country, trailing behind Upbit in terms of daily trading volume. The exchange has faced scrutiny in the past, with authorities raiding its offices over allegations of fraudulent crypto trading. Bithumb’s former chairman has returned as its registered director, while its CEO has been excluded from the board of directors due to an ongoing bribery investigation. The exchange was founded in 2014 and currently has a 24-hour trading volume of approximately $580 million.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Asia
Countries
Sentiment	neutral
Relevance Score	1
People	Kang Ji-yeon, Kang Jong-hyun, Lee Jeong-hoon, Lee Sang-jun
Companies	Nasdaq, KOSDAQ, Upbit, Samsung Securities, Bithumb
Currencies	None
Securities	None