Crypto Exchange Bithumb to Delay IPO until after 2028: Report
Cointelegraph
South Korean cryptocurrency exchange Bithumb has reportedly postponed its planned initial public offering until at least 2028 to focus on internal restructuring.Summary
South Korean cryptocurrency exchange Bithumb is delaying its initial public offering (IPO) until after 2028. According to CFO Jeong Sang-gyun, the company is prioritizing the strengthening of accounting policies and internal controls, following an advisory contract with Samjong KPMG. This latest postponement follows previous expectations for a 2025 listing and comes amid regulatory challenges, including past fines for anti-money-laundering violations. During a recent shareholder meeting, CEO Lee Jae-won was reappointed for a two-year term as the exchange continues to navigate a complex regulatory environment in South Korea.
(Source：Cointelegraph)