Bithumb Aims for 2028 IPO with Governance Overhaul
Bithumb, South Korea's second-largest cryptocurrency exchange, is planning to go public by 2028 after strengthening its governance and internal controls. According to the company's roadmap, it will upgrade its internal control systems and adopt Korean International Financial Reporting Standards (K-IFRS) this year.
The company aims to seek a preliminary listing review in 2027 and target an IPO the following year. However, the timetable may change depending on market conditions and the review process.
Bithumb is shifting its accounting from Korean Generally Accepted Accounting Principles to K-IFRS and working with domestic and international securities firms, law firms, and accounting firms on the listing.
The exchange completed a corporate split last year, separating its exchange operations from new business ventures. Bithumb continues to operate the cryptocurrency exchange, while Bithumb Asset oversees new businesses and investments.