South Korean cryptocurrency exchange Bithumb has postponed its IPO until after 2028

An executive from Bithumb stated that they will "focus on preparing for an IPO by 2027." CFO Jeong Sang-gyun mentioned at the company's annual shareholders' meeting that Bithumb is "strengthening accounting policies and internal controls" after signing an IPO consulting contract with Samjong KPMG. Previously, Bithumb had planned to go public in 2025.

At the shareholders' meeting, CEO Lee Jae-won was re-elected for another two years. During his tenure, Bithumb faced a six-month operational suspension and a $24 million fine from South Korean regulators for allegedly violating anti-money laundering regulations.

Additionally, another major exchange in South Korea, Upbit's operator Dunamu, also plans to conduct an IPO after completing a stock swap with Naver Financial, expected to take place in September.

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