Bithumb considers itemizing on the Nasdaq: report

• Bithumb is South Korea’s second largest crypto trade.
• The corporate held a shareholder assembly on Sept. 30 and eyes a possible itemizing on Nasdaq.

Bithumb, the second largest crypto trade in South Korea, is reportedly contemplating public itemizing within the US.

Based on an area information report in dnews, Bithumb held a unprecedented shareholder assembly during which the corporate deliberated on the potential to record on the Nasdaq.

Bithumb contemplating IPO in 2025

The assembly held on Sept. 30 reviewed the consideration round an preliminary public providing within the second half of 2025. Additionally featured on the agenda was the corporate’s title – with shareholders passing the decision to vary the title from Bithumb Korea to Bithumb. Initially, the trade glided by BTC Korea.com.

Information of Bithumb’s plans to go public within the US comes as a couple of different crypto corporations, together with Circle, have lately revealed IPO plans. Crypto information supplier Wu Blockchain additionally shared the possibly big Bithumb transfer.

Bithumb, South Korea’s second largest cryptocurrency trade, introduced at a unprecedented shareholders’ assembly that it’s contemplating itemizing on the Nasdaq in the US, with the aim of itemizing within the second half of subsequent yr, with Samsung Securities as the primary…

— Wu Blockchain (@WuBlockchain) September 30, 2024

Bithumb first moved in direction of the push to develop into a publicly-traded firm in 2020. However with crypto regulatory hurdles and accounting requirements unfavourable, the corporate gave up the KOSDAQ IPO plans.

The trade continues to be open to a home itemizing. Nevertheless, it’s additionally eyeing an abroad providing given the instance of Coinbase.

For its US IPO, the South Korea-based crypto trade will work with Samsung Securities because the lead underwriter. Bithumb’s market share has hovered between 10% and 20%, and the potential for Nasdaq itemizing and presence may spark additional development.