Bithumb Plans 2025 IPO to Become First Korean Crypto Exchange to Go Public
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Bithumb, a South Korean crypto exchange, plans to go public in South Korea in the second half of 2025.
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The IPO would be the first such listing by a Korean crypto exchange.
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Bithumb aims to boost its market share and close the gap with rival Upbit, which has over 80% market share.
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Bithumb's offices were raided in 2022 as part of a government crackdown on crypto fraud.
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The IPO would be handled by Samsung Securities. Bithumb has not responded to requests for comment.