Bithumb Sets 2028 IPO Target After Major Restructuring

South Korea's Bithumb, one of the country's largest cryptocurrency exchanges, announced on Monday, August 3, 2026, that it is targeting an initial public offering in 2028 following a major internal restructuring. The company outlined a multi-year roadmap that prioritizes strengthening governance, financial reporting, and risk management systems before seeking a public listing.

The exchange plans to complete a transition to Korean International Financial Reporting Standards and finalize internal control improvements by the end of 2026. It intends to apply for a preliminary listing review in 2027, with the IPO itself slated for the following year. The company stated that this schedule remains subject to change based on market conditions and regulatory review timelines.

Bithumb said the IPO is intended to demonstrate management transparency and build customer trust, rather than simply expanding the company's size. As part of its preparations, the exchange has restructured its business, spinning off units like Bithumb Asset to clarify responsibilities and reduce potential conflicts of interest. It is also diversifying its business model and securing liquid assets to improve...