Bithumb will slow down IPO process

According to BlockBeats, on March 29, Bithumb Korea, the operator of the Korean crypto trading platform Bithumb, held its annual shareholders' meeting in the morning of March 29, resolving to appoint Lee Jung-hoon as a director and change the company's name, but both proposals were withdrawn. Bithumb representatives said that Bithumb's top priority is to strengthen its competitiveness, and IPO has never been a priority. BlockBeats previously reported that on November 12, according to Korean media Edaily, Bithumb operator Bithumb Korea selected Samsung Securities as an underwriter at the end of last month and began IPO work, planning to list on KOSDAQ. The target listing date is expected to be in the second half of 2025.