Bithumb announces IPO plan, target to be listed by 2028

On 3 August, the Korea Encrypted Currency Exchange, Bithumb, officially announced the IPO plan and disclosed a three-phase schedule for moving forward: completion of internal control optimization and K-IFRS (Korea International Financial Reporting Standards (IFRS)) preparation in 2026; submission of listing pre-trial application in 2027; and formal listing in 2028. To advance IPO, Bithumb has initiated a number of reforms, including the introduction of a system-level risk management system, the promotion of the bithumb Asset sub-company to optimize governance structures, cooperation with large domestic and foreign issuers and firms, and the expansion of investor relations (IR) communication channels. Bithumb states that this time, the IPO aims to raise the level of corporate transparency and investor protection through institutionalized financial standards, and to promote the overall credibility of Korea ' s encrypted asset industry。