South Korean cryptocurrency exchange Bithumb intends to go public on the KOSDAQ, South Korea's version of the US Nasdaq, in the second half of 2025.
According to Edaily, Samsung Securities will act as a potential underwriter.
Although representatives of the platform have denied the company is preparing to obtain public status, they have admitted the platform has chosen a partner for the implementation of the initiative.
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According to the publication's sources, the company plans to go public in order to maintain its position in the fight with Upbit for primacy in the local crypto market.
South Korean prosecutors conducted searches and asset seizures at the offices of the company's competitors in May in connection with an investigation into suspicious transactions conducted by National Assembly member Kim Nam-kuk.