- Bithumb is splitting into two companies to prepare for going public.
- The main exchange will keep running as Bithumb Korea, while Bithumb A will manage other investments.
- This smart change makes the company stronger, clearer, and ready for long-term growth.
South Korea’s top cryptocurrency exchange, Bithumb, is taking a major step to prepare for its future. The company is planning to split into two separate businesses, each with a different focus. This change is being made to make the company easier to manage and more appealing to investors as it gets ready for a public listing on the Kosdaq stock exchange.
Why Is Bithumb Splitting?
Bithumb has decided to divide itself into two parts. The first will keep the name Bithumb Korea and will continue running the core crypto exchange platform. This is the part that users know for trading digital currencies like Bitcoin and Ethereum. The second part will be called Bithumb A, and it will handle everything else, such as managing investments, forming partnerships, and exploring financial services outside the crypto space.
The goal of this split is to make each part of the company more focused. By doing this, Bithumb can operate more clearly, reduce risk, and attract different types of investors. Investors who want to back a pure crypto exchange can focus on Bithumb Korea, while those interested in financial technology and investment services can turn to Bithumb A.
Strong Financial Performance Supports the Move
Bithumb’s decision comes at a time when the company is showing strong growth. In 2024, it reported a solid profit, bouncing back from a difficult year in 2023. This turnaround shows that the company has improved its business and is on more stable ground. It also gives them a strong position as they move forward with plans to list on the stock exchange.
Going public is a big step for any company, and Bithumb wants to be ready. Splitting the company into two units makes its operations clearer to investors and regulators. This move also shows that Bithumb is serious about its long-term plans and is willing to make changes to succeed.
Focus on the South Korean Market
Originally, Bithumb had looked into listing its shares on U.S. exchanges like Nasdaq. But now, it has chosen to stay local and aim for South Korea’s Kosdaq. This decision shows that the company wants to build a strong base at home before thinking about expanding internationally. Staying close to home also helps Bithumb deal better with local regulations and understand the needs of Korean investors.
This split is set to take effect by July 2025. Until then, the company will continue preparing both business arms for their new roles. It’s a big move that could set a new trend for how crypto companies grow and organize themselves in the future.
