PANews reported on January 6, according to BizWatch, that the South Korean cryptocurrency exchange Bithumb has transformed its defunct subsidiary Bithumb Meta into Bithumb Partners and is advancing its investment business. It is reported that Bithumb Partners will mainly be responsible for short-term debt investments in stocks, bonds, etc., using Bithumb's own funds, distinguishing it from the subsidiary Bithumb Investment, which is primarily responsible for investing in external companies.
Insiders point out: "Bithumb proposed a corporate structure centered around the exchange, with a surviving legal entity and a new investment legal entity, during the formal implementation of personnel restructuring. Therefore, the establishment of this subsidiary seems to be somewhat related to this. Given that Bithumb has publicly announced plans for an initial public offering (IPO) this year, the market is highly concerned about how initiatives such as the establishment of its subsidiary will progress."