Crypto exchange Bithumb to spin off investment arm ahead of potential Nasdaq listing
“South Korean cryptocurrency exchange Bithumb appears to be restructuring its investment and holding units as it plans to conduct a long-awaited initial public offering.
Crypto exchange Bithumb will separate its holding and investment business into a new company this summer as part of a larger plan to prepare for a potential Nasdaq listing, according to the exchange’s regulatory filing.
The corporate split, scheduled for July 31 according to a notice to shareholders, will create a new company called Bithumb A that includes Bithumb Holdings and Bithumb Investment. In the filing, Bithumb said the split will help manage risk and sharpen the business focus of each unit. Bithumb Korea, which operates the exchange,…
