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Bithumb Eyes 2028 IPO Amid Restructuring | Bitcoin and Crypto News
Description
Bithumb, South Korea’s major crypto exchange, is gearing up for a big IPO by 2028, filing for preliminary review in 2027 — but it’s not all smooth sailing. To prep, they’ve spun off Bithumb Asset to avoid conflicts, upgraded internal controls, and switched to K-IFRS accounting standards. A February crediting error and stiff competition from other exchanges adding traditional finance ties add pressure. Meanwhile, two linked firms, Vidente and Bucket Studio, have trading suspended since March 2023 due to audit issues — now under new auditors with former police and tax backgrounds. With a tight timeline and regulatory uncertainty, Bithumb’s public debut hinges on market conditions and approval — but the goal remains firm: go public by 2028.
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