{"id":445856,"date":"2024-09-30T15:00:57","date_gmt":"2024-09-30T14:00:57","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=445856"},"modified":"2024-09-30T14:44:52","modified_gmt":"2024-09-30T13:44:52","slug":"bithumb-eyes-nasdaq-ipo-in-2025-with-samsung-securities-as-underwriter","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bithumb-eyes-nasdaq-ipo-in-2025-with-samsung-securities-as-underwriter\/","title":{"rendered":"Bithumb eyes Nasdaq IPO in 2025 with Samsung Securities as underwriter"},"content":{"rendered":"

Bithumb<\/a>, South Korea's second-largest crypto exchange, has announced plans to pursue a potential public listing in the United States at a Sept. 30 shareholders meeting, local media outlet Dnews reported<\/a>.<\/p>\n

The exchange stated its intention to consider a Nasdaq listing in the second half of 2025. To support its initial public offering (IPO), Bithumb has appointed Samsung Securities as its primary underwriter.<\/p>\n

In March, Bithumb established a new entity called Bithumb Investment, aiming to bolster its digital asset exchange business and enhance its prospects for a successful IPO. This new venture will oversee the firm's investment and real estate brokerage divisions.<\/p>\n

This planned IPO follows Bithumb's unsuccessful attempt to list on Korea's KOSDAQ market in 2020, which was abandoned due to a lack of clear regulations and accounting standards for digital assets.<\/p>\n

A Bithumb official reportedly commented on the company's listing strategy, emphasizing that all options remain viable. The official explained that the firm may consider both domestic and international markets, including the United States.<\/p>\n

Bithumb did not immediately respond to a CryptoSlate's<\/em> request for additional comment as of press time.<\/p>\n

Currently, Bithumb holds approximately 10% to 20% of South Korea's crypto market, with a spot trading volume of nearly $650 million in the last 24 hours, according to CoinMarketCap data<\/a>. In the first quarter of 2024, the exchange reported earnings<\/a> of 62.1 billion won, reflecting a 283% increase compared to the previous year.<\/p>\n

Crypto firms going public<\/h2>\n

If Bithumb follows through with its plan, it will join an exclusive list of crypto firms going public in the US. In 2021, Coinbase went public<\/a> on the Nasdaq through a direct stock listing.<\/p>\n

Earlier this year, stablecoin issuer Circle initiated plans to go public<\/a>. Additionally, reports\u00a0suggest that\u00a0Ripple<\/a><\/span>\u00a0intends to pursue a public listing<\/a>.<\/p>\n

Market observers believe these moves solidify crypto\u2019s status as a legitimate asset class that continues to gain global traction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bithumb, South Korea’s second-largest crypto exchange, has announced plans to pursue a potential public listing in the United States at a Sept. 30 shareholders meeting, local media outlet Dnews reported. The exchange stated its intention to consider a Nasdaq listing in the second half of 2025. To support its initial public offering (IPO), Bithumb has […]<\/p>\n","protected":false},"author":720,"featured_media":445874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[76715,76714],"post_folder":[],"acf":[],"yoast_head":"\nBithumb eyes Nasdaq IPO in 2025 with Samsung Securities as underwriter<\/title>\n<meta name=\"description\" content=\"South Korea-based crypto trading platform Bithumb joins global crypto IPO wave, eyes Nasdaq listing in 2025.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bithumb-eyes-nasdaq-ipo-in-2025-with-samsung-securities-as-underwriter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bithumb eyes Nasdaq IPO in 2025 with Samsung 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