Bithumb Delays South Korea's Crypto Exchange IPO Timeline

Bithumb, a leading South Korean crypto exchange, has announced that it will delay its initial public offering (IPO) beyond 2028. The decision comes after the company's CFO, Jung Sang-kyun, cited ongoing work to strengthen accounting policies and internal controls as key reasons for the extended timeline.

The IPO advisory agreement with Samjung KPMG had a preliminary deadline of 2027, but officials clarified that the actual listing is now expected after 2028. Bithumb is closely monitoring regulatory developments before committing to a firm listing date.