COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bithumb Crypto Exchange Halts IPO Plans for Strategic Shift
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency Exchanges > Bithumb Crypto Exchange Halts IPO Plans for Strategic Shift
Cryptocurrency Exchanges

Bithumb Crypto Exchange Halts IPO Plans for Strategic Shift

In Brief

  • Bithumb suspends IPO plans, undergoes corporate restructuring.

  • Uncertainty increases with recent developments and management changes.

  • New trade organization to be established, focusing on core services.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

South Korea-based cryptocurrency exchange giant Bithumb has made a strategic decision to suspend its plans to go public. This decision comes amid an intense period of corporate restructuring and internal review, reassessing its goals under the leadership of former Chairman of the Board Lee Jeong-hoon.

Contents
IPO Was Planned for 2025A New Trading Entity to Be Established

IPO Was Planned for 2025

Initially aiming to be ready for an IPO in the second half of next year, Bithumb was actively restructuring its corporate framework to meet this target. However, recent developments such as the withdrawal of agenda items related to Lee’s return to the board and the renaming of the company at the shareholders’ meeting have increased uncertainty about the cryptocurrency exchange’s IPO and led to speculation that the plan has been postponed.

While speculations have surrounded Lee’s potential reinstatement and its impact on Bithumb’s strategic decisions, the exchange clarifies that the delay in IPO plans is not directly related to the legal risks associated with the legal issues Lee is facing. Instead, the focus is on maintaining management stability in the evolving corporate environment.

A New Trading Entity to Be Established

This unexpected development sheds light on deeper internal issues within Bithumb, effectively putting the IPO goal on hold for now. While dealing with this postponement, the cryptocurrency exchange is also grappling with complex corporate restructuring initiatives aimed at enhancing its market position and competitive edge.

At the forefront of these efforts is the establishment of a new trading entity, temporarily called ‘Bithumb A,’ which signifies a strategic shift to optimize performance and reduce losses from underperforming subsidiaries.

Facilitating operations and focusing on core services like cryptocurrency trading is at the heart of Bithumb’s strategy to strengthen its position in the rapidly evolving world of cryptocurrency. Despite challenges posed by the performance of its subsidiaries, Bithumb remains committed to adapting to market dynamics and strengthening its overall business ecosystem.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Coinbase Battles Massive Cyberattack: Ensures User Safety and Fortified Security

Robinhood Triumphs with a Bold Canada Debut by Acquiring WonderFi

Gemini Conquers Europe with Strategic Derivative Offerings

U.S. Crypto Giants Acquire Major Companies in Bold Strategy

Bybit Strengthens Bitcoin Liquidity After Massive Security Breach

COINTURK NEWS 29 March, 2024 - 10:35 am 29 March, 2024 - 10:35 am
Share This Article
Facebook Twitter
Share
Previous Article Investment Firm Challenges MicroStrategy’s Role in Bitcoin Access
Next Article Ethereum’s Vitalik Buterin Proposes Higher Standards for Ecosystem
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Pi Network Enhances Ecosystem with New dApps and Improved Account Recovery
Altcoin News
Bitcoin Surges Towards 150,000 Dollars as XRP Poised for Dramatic Gains
Ripple (XRP)
Raoul Pal Predicts Bitcoin Price Surges, Tied to Global Money Supply
Bitcoin (BTC)
Elon Musk Champions Government Spending to Bolster U.S. Economy
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?