- Bithumb wanted to float on Nasdaq exchange this year.
- Executives now say the exchange will go public “after the start of 2028.”
- The company wants to maximise capital value, experts say.
South Korea’s second-largest crypto exchange has postponed its plans to go public by at least two years.
The firm had planned to launch an initial public offering on the US-based Nasdaq stock exchange in the first half of 2026. But following a calamitous start to the year, with the firm facing fines and suspensions for compliance violations, shareholders have agreed to put its IPO plans on ice.
“It is highly likely that the listing will take place after the start of 2028,” a Bithumb spokesperson told South Korean newspaper Maeil Kyungjae. “We will…
