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Bithumb plans to be first crypto exchange listed on Korea stock market

Crypto exchange Bithumb plans to become the first digital asset company to go public on the South Korean stock market. Bithumb declined to confirm whether the IPO was going ahead but admitted it had recently selected an underwriter, which is a company tasked with guaranteeing the financial security of another typically before a firm goes public. Bithumb chose Samsung Securities as its potential IPO underwriter, according to Edaily. Bithumb’s former chairman, Lee Jeong-hoon, returned to Bithumb as its registered director, according to sources familiar with the matter. Bithumb is currently the second-largest crypto exchange in South Korea by daily trading volume, a distant second to Upbit.

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