Bithumb to spin off non-exchange business units as it pushes for IPO

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According to ChainCatcher, citing The Block, Bithumb, one of the major cryptocurrency trading platforms in South Korea, has restarted its business separation plan aimed at refining and strengthening its various business sectors, while preparing for an initial public offering (IPO) this year.

Based on a statement released by Bithumb on Monday, the previously postponed separation plan will be implemented on July 31, 2025. The newly separated entity is named "Bithumb A", though its official English name has not yet been announced.

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