Bithumb Targets 2028 IPO with Ambitious Three-Stage Roadmap

South Korean cryptocurrency exchange Bithumb has published a three-stage roadmap to go public on the stock market by 2028. The plan outlines the steps the company will take to improve its internal controls, prepare for global accounting standards, and file for an initial public offering (IPO).

The company faces significant challenges in achieving this goal, including a $24.5 million fine from regulators in March and ongoing investigations into alleged bribery and other misconduct.

Bithumb has promised to improve its governance and transparency, including regular disclosure of its finances and cryptocurrency holdings. The company has also separated its business lines into different entities to reduce conflicts of interest.