Bithumb plans to divide its central encryption exchange business from other activities, since it is reorganized in preparation for an initial public offer (IPO).
The company based in Seoul will be divided into two, with Bithumb Korea focusing solely on operating the central cryptographic exchange business. Bithumb Korea will be the entity that seeks a public list, local media reported, citing the country’s corporate registry.
The other unit, a newly created company called Bithumb A, will supervise risk investments, asset management and new commercial initiatives. The restructuring will enter into force on July 31.
Bithumb will consolidate the investment arms of the exchange, including Bithumb Partners, which has changed NFT projects and metaven to investments of financial products such as convertible actions, bonds and bonds. According to local media, Bithumb is in conversations with license entities to offer these services in the country.
Bithumb Investment, which manages capital bets and strategic associations with external companies, will also face the supervision of Bithumb A.
Last year it was said that Bithumb was considering a list of Nasdaq, but now his plans have changed to a list in Kosdaq of South Korea, with an US list. UU. As a secondary objective.
Bithumb registered an operational gain of 130.8 billion Won ($ 95 million) in 2024, reversing a loss of 149 billion desire of the previous year, local media reported.
