South Korea’s leading cryptocurrency exchange, Bithumb, evaluates its plans for an Initial Public Offering (IPO) on Nasdaq in the United States. The company has initiated preparations for the IPO process, which is expected to take place in the second half of 2025. Bithumb aims to strengthen its position in the global market and enhance brand recognition through this strategic move.
IPO Scheduled for 2025
Bithumb recently brought up its IPO plans during an extraordinary general assembly meeting. The company seeks to reach a broader investor base internationally and increase its impact on the global market with this initiative.
The IPO is anticipated to be completed in the latter half of 2025, with Samsung Securities serving as the primary financial advisor throughout the process.
In March of this year, Bithumb made a strategic decision to facilitate a successful IPO. The company transferred new business lines to a subsidiary, believing this restructuring would lead to a more efficient and smooth IPO process.
Rebranding Structure
During the general assembly, it was decided to change the name of Bithumb Korea to “Bithumb.” This rebranding aims to strengthen the company’s identity by merging its service name with its trade name, thereby increasing its recognition among global investors.
The potential IPO of Bithumb on Nasdaq is an integral part of the competition among major cryptocurrency exchanges for greater visibility in the global market. This move may serve as an example for many other cryptocurrency exchanges, attracting attention from the industry as numerous large exchanges, like Binance, continue to operate without going public.
