Bithumb is preparing for an IPO on KOSDAQ in the first half of 2026 by establishing a spinoff, which aims to act as a holding company for future business investments and enhance operational agility.
The IPO momentum increased after the Supreme Court cleared former Chairman Lee Jung-hoon of fraud. However, investors remain cautious about Bithumb’s unclear governance structure, which could impact confidence.
In a related development, BNK Busan Bank has joined a stablecoin alliance to collaborate on creating KRW-pegged tokens and is conducting research on stablecoins, aligning with the growing trend in the digital asset space.
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