Local media reports that the South Korean cryptocurrency exchange Bithumb is restructuring its operations ahead of a planned initial public offering (IPO) in the second half of 2025. The company revealed it will spin off its non-exchange businesses into a new entity, Bithumb A, effective July 31, 2025.

The corporate registry notes that Bithumb A will encompass the firm’s investment, holding, and new business divisions, while the original Bithumb entity will focus solely on cryptocurrency exchange operations. The spin-off aims to isolate potential risks from non-core activities and enhance operational efficiency. Shareholders will receive stakes in both entities proportional to their existing holdings.

Samsung Securities has been appointed as the lead underwriter for the IPO. Bithumb is considering listing on South Korea’s KOSDAQ or pursuing a dual listing that includes the Nasdaq in the United States. The company previously attempted a KOSDAQ listing in 2020 but withdrew due to regulatory uncertainties.

In 2024, Bithumb reported a net profit of $110 million, marking a 560% increase from the previous year. Despite this growth, the exchange remains second to domestic competitor Upbit in market share. For instance, over the last day, Upbit recorded $2.24 billion in trade volume while Bithumb reported $934.77 million, according to coinmarketcap.com stats.

The restructuring is designed to present a more transparent and focused corporate structure to potential investors. By separating its core exchange business from other ventures, Bithumb aims to mitigate risks and comply with regulatory standards.

The company has stated that the spin-off and IPO plans are subject to shareholder approval and regulatory review. Bithumb has not disclosed specific timelines for the IPO beyond the targeted second half of 2025.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。