Bithumb may become the first cryptocurrency platform with a debut on a Korean exchange

bithumb

Rumors are swirling in cryptocurrency circles that suggest Bithumb, one of South Korea’s flagship exchanges, may be headed down a revolutionary new path. Although no official announcement has yet been made, local sources report that the company is nearing the selection of an underwriter, which usually heralds the next steps on the road to a debut on a traditional trading floor.

Bithumb with important moves

The great news is generating a mix of excitement and anticipation in the cryptocurrency world. There is unofficial talk of plans for an initial public offering on Kosdaq, the South Korean version of the renowned US Nasdaq exchange. There is no shortage of speculation about the possible date of this landmark event – it is estimated that it could happen in the second half of 2025.

Although Bithumb has yet to confirm these reports, rumors fueling hopes for the debut are growing louder. All indications are that the company has selected an underwriter for the issue. According to unofficial information, Samsung Securities would play a key role in this matter.

A lot of confusion around Korean cryptocurrency exchanges

Recent personnel moves at Bithumb are also generating interest. The return of the former CEO, Lee Jeong-hoon, as a registered director has many wondering what impact this may have on the future of the exchange. Meanwhile, the dismissal of CEO Lee Sang-Jun over an investigation into alleged bribery casts a shadow over the current moment in the company’s history.

However, these are not the only rumors swirling around the platform. It is said that a possible listing may be prompted by a desire to intensify competition between Bithumb and Upbit. Interestingly, Upbit has recently surpassed the trading volume of exchanges such as Coinbase and Binance.

It should be remembered that Bithumb’s story is not a success tale, however. Both Korean platforms mentioned here came under fire from the authorities in May. The raids on their offices were the result of suspected cryptocurrency trading scams.

Bithumb’s operations were also exposed to uncertainty related to the investigation of Kang Jong-Hyun, one of the company’s major shareholders. His arrest on embezzlement charges was part of a broader investigation into illegal practices.

IPO a chance for stability and legitimacy

Bithumb was founded in 2014. The platform currently ranks second in terms of trading volume in South Korea. It is only surpassed by Upbit. Going public with an IPO could change that. An additional form of legitimacy for the exchange may result in increased confidence in its operations. This is undoubtedly a great opportunity to attract a larger group of local users.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news

Ripple

Expert predicts Ripple IPO date

Wall Street financial expert Linda Jones has shared details of Ripple’s anticipated IPO date. Her analysis indicated potential dates, but the current market context and regulatory aspects…
All articles loaded
No more articles to load

Learn

Cryptocurrency wallets

Cryptocurrency wallets

We talked about security when trading crypto assets in an article titled “Online security“. We also mentioned how important it…
hardware wallets

Cryptocurrency hardware wallets

From the article titled “Cryptocurrency wallets” you learned about the different types of wallets. They were briefly characterized there. Let’s…
Where to buy cryptocurrency brokers

Which cryptocurrency Brokers to use

In the article “Where to Buy Cryptocurrencies (Exchanges)“, we introduced you to which exchange platforms you can purchase cryptocurrencies on.…
Trading cryptocurrencies

Trading cryptocurrency

In the cryptocurrency market, you face many opportunities to invest in cryptocurrency or buy or sell cryptocurrency. If you want…
All articles loaded
No more articles to load

Analyses

All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load