Bithumb sets sights on IPO to rebalance crypto power
Bithumb gears up for a pioneering initial public offering (IPO), targeting a market shake-up against Upbit’s dominant 85% share in the virtual asset industry. In a move that aims to disrupt Upbit’s 85% stronghold on the market, Bithumb Korea is reportedly pioneering an IPO in the virtual asset exchange industry. The strategy could underscore a trust-centric approach deemed crucial for regaining Bithumb’s leading position in the Korean crypto exchange space. The IPO will reportedly occur in the latter half of 2025, with a primary focus on a KOSDAQ listing and potential considerations for the KOSPI market under specific circumstances. Bithumb IPO: A big step for the South Korean crypto currency industry. Bithumb, one of the largest crypto currency exchanges in the world and the largest in South Korea, is planning to go public on the South Korean stock market. This is a big step for the South Korean… — Nhu Nam (@NhuNam5) November 12, 2023 Amid the inten...