Korean crypto exchange Bithumb announced that it will spin off non-exchange businesses on July 31, 2025, establishing a new company called "Bithumb A" to enhance the independence and operational efficiency of each business segment. This spin-off is in preparation for its IPO, with plans to list on the local market in the second half of this year, with Nasdaq also under consideration. Bithumb's net profit last year reached $110 million, a year-on-year increase of 560%. (TheBlock)
Bithumb plans to IPO in the second half of 2025, divest non-exchange businesses and establish a new entity
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