Bithumb, one of South Korea’s largest cryptocurrency exchanges, has started preparations to go public.
According to information conveyed by local news sources, Bithumb preferred Samsung Securities as the contractor in the public offering process, which may take place in the second half of 2025.
It has been reported that the company’s former chairman Lee Jeong-hoon has also rejoined the company’s board of directors.
Lee was accused of fraud in the stock market’s acquisition process in October 2018. A court in South Korea ruled earlier this year that Lee he is innocent decided to.
Bithumb plans to list on Kosdaq, South Korea’s equivalent of Nasdaq.
There has never been a cryptocurrency exchange that went public in Korea. Bithumb in South Korea More than 80% market share It continues to compete with Upbit.