The South Korean cryptocurrency exchange Bithumb will slow down its IPO process

ChainCatcher news, South Korean cryptocurrency exchange platform Bithumb's operator Bithumb Korea held its annual shareholders' meeting on the morning of March 29, resolving to appoint Lee Jeong-hoon as a director and change the company's name, but both proposals were withdrawn. A Bithumb representative stated that Bithumb's top priority is to strengthen competitiveness, and an IPO has never been a priority.

Previously, on November 12, according to South Korean media Edaily, Bithumb operator Bithumb Korea chose Samsung Securities as the underwriter at the end of last month and began the IPO process, planning to list on KOSDAQ. The target listing date is expected in the second half of 2025.