South Korea’s second-largest crypto exchange, Bithumb, has formally set a 2028 target for its initial public offering, detailing a multi-year roadmap focused on corporate restructuring and regulatory preparation. The company plans to upgrade internal controls, shift from K-GAAP to K-IFRS, implement a risk management framework comparable to global listed firms, and coordinate with domestic and international securities, law, and accounting advisors. The IPO timeline was extended from an earlier 2025 goal after a massive mistaken bitcoin distribution triggered regulatory scrutiny, while rival Upbit’s operator Dunamu pursues separate listing plans through collaboration with Naver Financial.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.