As per a recent The Block report, Bithumb is weighing the option of listing on the U.S. Nasdaq, as disclosed in a recent shareholders meeting, according to Daehan Economic. This marks a shift from the company's previous plans to go public on South Korea’s Kosdaq by the latter part of 2025, with Samsung Securities as the underwriter.

Upbit, the leading platform in the country, saw $1.92 billion in trades during the last 24 hours:

A spokesperson from Bithumb mentioned that the company is keeping its options open regarding the venue for its IPO. Reports suggest that regulatory barriers in South Korea may have influenced this reconsideration, as the nation’s authorities have not recognized cryptocurrencies as legitimate financial assets. This has prevented the launch of certain cryptocurrency-related products, such as spot exchange-traded funds.

Resources:

The Block

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