- Bithumb will go public listing after 2028.
- The firm is set to launch the IPO evaluation process in 2027.
- Bithumb will continue improving compliance and internal control before listing.
The company has pushed back its IPO plans in order to concentrate on compliance and corporate governance. According to the South Korean cryptocurrency trading platform, Bithumb now plans to list its shares in 2028, abandoning its earlier plans for listing within either 2025 or 2026. The change in strategy was announced by Bithumb executives at its annual shareholders’ meeting, where they made clear that management will be busy conducting the pre-IPO process in 2027. The change of plans indicates that Bithumb intends to make sure of its stability before listing its shares.
Governance and Compliance Are Essential for New Strategy
Jeong Sang-gyun, who occupies the position of the chief financial officer, stated that Bithumb is going to continue preparations to go public in 2027.Bithumb signed an advisory agreement with Samjong KPMG to support its listing process through the end of 2027. Shareholders re-elected CEO Lee Jae-won for a two-year term during the April 2026 annual meeting.
Initially, Bithumb was planning to list on Nasdaq but kept postponing it while developing accounting standards, a governance framework, and controls. However, this new timeline appeared after the February 2026 system failure, which caused more than USD 40 billion of erroneous transactions along with an anti-money laundering violation investigation.
Institutional Interest in Bithumb Remains Intact Despite Delays
Despite postponing its initial public offering, Bithumb continues attracting interest from institutional investors. Specifically, one of the biggest South Korean brokerages called Kiwoom Securities is currently proceeding with the analysis of its investment in Bithumb through private placement of its new stock offerings.
This analysis process is set to be completed by October 2026. Meanwhile, Upbit, which is the biggest cryptocurrency exchange in the country in terms of trading volume. This keeps moving towards listing of its shares, thereby putting even more pressure on the South Korean crypto market. Unlike most cryptocurrency projects, Bithumb has not issued an official token, leaving investors focused on its future stock listing.
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