Bithumb sets 2028 IPO timetable as it overhauls internal controls
Summary
Bithumb plans to seek a preliminary listing review in 2027 and complete an IPO in 2028, though the timetable could shift with market conditions and regulator schedules. To prepare, it has reorganized its business, including spinning off Bithumb Asset, to separate responsibilities and reduce conflicts of interest. It also plans to strengthen internal controls and convert from domestic accounting rules to K-IFRS, the standard used by listed South Korean companies. The IPO push comes as South Korean crypto exchanges deepen ties with traditional finance firms. Bithumb is also one of the country’s real-name bank account trading platforms through KB Kookmin Bank.
