Bithumb sets 2028 IPO timetable as it overhauls internal controls
The South Korean exchange plans to seek preliminary listing review in 2027 while overhauling controls after a February crediting error.
South Korean cryptocurrency exchange Bithumb said Monday it plans to apply for a preliminary listing review in 2027 and complete an initial public offering in 2028.
Bithumb said it has reorganized its business structure, including spinning off Bithumb Asset, to clarify responsibilities across its business units and reduce potential conflicts of interest ahead of the listing review.
The exchange said its preparations will include upgrading internal controls and shifting from domestic accounting standards to K-IFRS, the international accounting framework used by listed companies in South Korea.