Bithumb targets 2028 listing and lays out IPO roadmap

South Korean crypto exchange Bithumb has announced an initial public offering plan and outlined the steps it says it is taking to get there. According to an official notice cited by PANews, the company aims to finish internal control improvements and preparations for a transition to K-IFRS, or Korean International Financial Reporting Standards, in 2026. It then plans to file a preliminary listing review application in 2027 and complete a formal listing in 2028. Bithumb said it has already begun a series of reforms tied to the IPO process. These include building an institutional finance-level risk management system and using business restructuring to improve management transparency. The exchange said it has carried out structural changes, including the spin-off of Bithumb Asset, to clarify the roles and responsibilities of individual business units. The company also said it is working to strengthen financial stability by broadening its business model and holding liquid assets in reserve. On disclosure, Bithumb said it will regularly publish its financial condition, key management matters, and virtual asset holdings. It added that it is working with external professional firms, including major domestic and overseas securities firms and law firms, while widening investor relations communication channels.