Bithumb is reviewing plans to list on the US Nasdaq in 2024.
The company will split its business divisions to streamline its virtual asset operations.
Bithumb is rebranding to strengthen its corporate identity ahead of the IPO.
Bithumb, one of South Koreaâs leading cryptocurrency exchanges, is considering a US Nasdaq listing, according to local news. At a shareholdersâ meeting held on the 30th, the exchange said it is reviewing its listing options, with a potential initial public offering (IPO) planned for the second half of 2024. Samsung Securities will be the lead manager for the IPO.
To improve its chances of a successful listing, Bithumb plans to streamline its operations by splitting its human resources department to enhance the new business division by focusing on its core virtual asset exchange business. The exchange may name the separate entity Bithumb A or Bithumb Investment. This new division will manage holdings, investments, and real estate brokerage activities.
Earlier, Bithumb had tried to list on South Koreaâs KOSDAQ market in 2020, but dropped the initiative due to unclear regulations surrounding virtual assets. A Bithumb representative saiâŠ
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