Key facts
- Bithumb plans to go public by 2028.
- The exchange has a three-stage plan for its IPO.
- Bithumb will upgrade internal controls by the end of 2026.
- A preliminary listing review is planned for 2027.
- South Korea will implement a 22% tax on crypto gains.
- The tax on crypto gains is set to impact the market.
South Korean cryptocurrency exchange Bithumb has announced its intention to pursue an initial public offering (IPO) by the year 2028. The exchange has detailed a three-stage plan to achieve this goal. The first stage involves strengthening internal controls and compliance measures, which Bithumb aims to complete by the end of 2026. Following this, the company plans to seek a preliminary review for its listing in 2027. This strategic move by Bithumb occurs against the backdrop of significant regulatory changes in South Korea, including the impending implementation of a 22% tax on cryptocurrency gains. The introduction of this tax is expected to reshape the domestic crypto market.