Bithumb Extends Crypto Exchange IPO Timeline to 2028
Bithumb now says it is preparing for an IPO by 2027, with management emphasizing accounting policy upgrades and internal controls after signing an IPO consulting agreement with Samjong KPMG.
Bithumb said it will focus on preparations for an initial public offering by 2027, updating the timeline from the existing topic that had described the listing as delayed until after 2028. CFO Jeong Sang-gyun said the South Korean crypto exchange is strengthening accounting policies and internal controls after signing an IPO consulting contract with Samjong KPMG. The company also said CEO Lee Jae-won was reappointed for another two-year term. The new report indicates Bithumb is continuing concrete listing preparations rather than framing the IPO as postponed beyond 2028.
- IPO: An initial public offering is the process by which a private company offers shares to the public and seeks a stock market listing.
- Crypto exchange: A crypto exchange is a platform where users buy, sell and trade digital assets such as Bitcoin and other cryptocurrencies.