Bithumb, the prominent South Korean cryptocurrency exchange, has stirred investor curiosity by announcing a delay in its initial public offering (IPO) process. Notably, this decision comes after strategic maneuvers, including previous reports showing the company’s plan to spin off its business, shedding light on the intricacies of its corporate restructuring.
However, according to a recent report, the crypto exchange has delayed its IPO plan and said that it has never been the top priority for Bithumb.
Bithumb Puts IPO Plans On Hold
Bithumb, a key player in South Korea’s crypto landscape, has once again captured attention with its recent decision to pump the brakes on its IPO journey. Initially poised for an IPO in the second half of the upcoming year, Bithumb had been diligently restructuring its corporate framework to align with this goal.
However, a recent report from the Korean media outlet Decenter revealed a significant change in pace. According to the report, former Chairman
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