Bithumb, the second-largest cryptocurrency exchange in South Korea, is making strategic moves to prepare for an initial public offering (IPO) on the KOSDAQ market. The exchange aims to challenge Upbit, the leading exchange in South Korea, and regain market supremacy. Bithumb’s IPO is expected to take place in 2025. The exchange is undergoing organizational reorganizations, with the former chairman returning to active oversight. However, the CEO has been removed from the board due to allegations of encouraging coin listings. Bithumb has chosen Samsung Securities as the underwriter for its IPO. South Korea’s cryptocurrency market is dynamic and driven by a tech-savvy population and robust infrastructure. The country’s active involvement in blockchain and digital currencies highlights its influence in the global crypto landscape.

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