Bitcoin News
By Maheen Hernandez
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Restructuring Before the Regulators Arrive. Bithumb isn't sitting still. The exchange spun off a unit called Bithumb Asset, partly to draw…
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KB Kookmin Bank and the Race Among Korean Exchanges. Bithumb isn't the only South Korean exchange making moves, but it's in a distinct position.
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Vidente and Bucket Studio Still Stuck. There's another layer to this story, and it's messy.
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South Korean exchange Bithumb wants to go public by 2028. The plan calls for filing a preliminary listing review in 2027 — a bold target for a company still cleaning up the mess…
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That February incident is basically the whole reason this IPO story has teeth. A crediting error pushed 620,000 Bitcoin into customer accounts that had no business holding them.
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Bithumb isn't sitting still. The exchange spun off a unit called Bithumb Asset, partly to draw cleaner lines between different parts of the business and reduce conflicts of…
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The company is also ditching domestic accounting standards and switching to K-IFRS, the internationally recognized framework that South Korea's publicly listed companies already…
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Worth noting: the IPO timeline could slip. Bithumb said as much. Market conditions and regulatory review processes could push things back, and given the scrutiny the company is…
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Bithumb isn't the only South Korean exchange making moves, but it's in a distinct position. It's one of the few platforms in the country that can handle fiat currency…
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But the competition isn't standing still either. Mirae Asset Consulting grabbed control of Korbit.
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See also: Strategy Dumps 1,638 Bitcoin in a Week, USD Reserves Cross $4 Billion
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Bithumb's IPO, if it happens on schedule, would drop into that landscape. The exchange would need to show it can compete not just on trading volume but on governance and…
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There's another layer to this story, and it's messy. Two companies linked to Bithumb — Vidente and Bucket Studio — are dealing with their own regulatory headaches.
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Both firms brought in former government officials for auditing roles, and those appointments cleared the Government Public Service Ethics Committee.
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For Bithumb, the association with two companies in that kind of limbo isn't a great look heading into IPO prep. Investors and regulators will ask questions.
The Currency Analytics
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