South Korean Crypto Exchange Bithumb to Go Public on Nasdaq

South Korea‘s second largest cryptocurrency exchange, Bithumb, has made a formal announcement of its plans to explore listing on the US Nasdaq.

This was discussed during a shareholders’ meeting on September 30, where the company’s management revealed their intentions for future growth and expansion in the market.

Bithumb aims to increase its global presence through a potential listing on the Nasdaq, with plans for an IPO in the second half of next year.

The company has chosen Samsung Securities as the main underwriter for this effort, leveraging the high level of interest in virtual asset exchanges worldwide by aligning itself with the largest and most reputable players in the market.

This decision to pursue a listing on the Nasdaq is a result of Bithumb’s earlier preparation for listing on the KOSDAQ market in 2020. However, the exchange suspended these plans due to concerns over regulatory and accounting standards for virtual assets at the time.