Crypto exchange Bithumb plans to become the first digital asset company to go public on the South Korean stock market. 

Local news outlet Edaily reported on Nov. 12 that Bithumb is getting ready for an initial public offering (IPO) on the KOSDAQ — South Korea’s version of the United States Nasdaq — with an expected listing date set for sometime in the second half of 2025.

Bithumb declined to confirm whether the IPO was going ahead but admitted they had recently selected an underwriter, a company tasked with guaranteeing the financial security of another typically before a firm goes public. Bithumb chose Samsung Securities as its potential IPO underwriter, according to Edaily….

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