#BithumbKorea is gearing up for a groundbreaking initial public offering (IPO) with the aim of challenging Upbit's dominant 85% share in the virtual asset industry. The move is part of a strategy to disrupt Upbit's stronghold and regain Bithumb's leading position in the Korean #crypto exchange space. The #IPO , scheduled for the latter half of 2025, will primarily focus on a #KOSDAQ listing, with potential considerations for the #KOSPI market under specific circumstances. Bithumb's decision to go public seems driven more by the need to restore market confidence, given its history of scandals and regulatory inspections in South Korea, rather than a primary goal of raising capital.