Korean Exchange Bithumb Eyes Nasdaq Listing After Shelving KOSDAQ IPO Plans

Bithumb, one of South Korea’s largest cryptocurrency exchanges, is considering a listing on the U.S. Nasdaq exchange after shelving its initial plans for an IPO on the South Korean KOSDAQ market. The decision was discussed during a shareholder meeting on September 30, 2024, as part of Bithumb’s strategy to expand into the U.S. market. The company aims to go public in late 2024, with Samsung Securities acting as the lead underwriter. This move, reported by local South Korean media, highlights Bithumb’s ambition to strengthen its global presence and attract a broader investor base.