Bithumb intends to conduct the first public offering of shares (IPO) by a crypto trading platform in the history of the Republic of Korea. The priority platform for placing shares is KOSDAQ – the South Korean analogue of the Nasdaq stock exchange. Exchange operator Bithumb has selected Samsung Securities as the lead underwriter for the Bithumb Korea IPO.
The preliminary IPO of the Bithumb exchange should take place in the second half of 2025. In comments from the exchange’s investment banking committee, it is reported that Bithumb’s IPO will change the structure of the South Korean digital asset market. The company wants to win first place in the country’s crypto market, which is now single-handedly dominated by the Upbit trading platform with a share of about 85%.
At the beginning of the year, Seoul police detained the alleged shadow owner of Bithumb, Kang Jong-Hyun. Law enforcement agencies accused him of misappropriation of client funds and embezzlement.
Source: Bits
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