Bithumb Restructures Ahead of 2025 IPO: Asset Split, Spin-Off, and a Shot at History

🏛️ Bithumb Restructures to Go Public — Here’s the Game Plan

South Korea’s crypto heavyweight Bithumb is gearing up for a high-stakes IPO — and it’s not coming quietly.

The exchange just announced a major corporate restructuring as part of its public listing prep, with plans to spin off its non-exchange business into a new entity called Bithumb A. This structural overhaul is designed to split risk, tighten operations, and sweeten the deal for investors eyeing its upcoming KOSDAQ debut.

If successful, Bithumb could make history as the first publicly traded crypto exchange in South Korea.

🧹 Two Businesses, Two Missions: Why Bithumb Is Breaking Itself Up

The strategy? Separate the volatile trading business from the investment and asset management side.

• 🔄 Bithumb A (the spin-off) will handle investments, asset management, and financial products.
• 💱 The core Bithumb exchange will stay laser-focused on crypto trading operations.

According to Bithumb leadership, this move is all about minimizing risk crossover between the two divisions and boosting transparency — a key checkbox for regulators and IPO investors alike.

The restructuring is expected to wrap up by July 31, 2025.

💰 Here’s How the Assets Will Split

Bithumb broke down the division of company assets:

• 44% of total assets will be transferred to Bithumb A
• 56% will remain with the parent company (the exchange)

The asset division will roll out in several phases, aiming for completion by end of July 2025.

📈 IPO Roadmap: KOSDAQ First, Nasdaq Next?

Bithumb has Samsung Securities on deck as IPO advisor and is targeting a KOSDAQ listing in the second half of 2025.

But that’s not the endgame.

Whispers in the market suggest Bithumb is also eyeing a global listing — possibly Nasdaq — following the Korean IPO. The company first floated these ambitions back in September 2024.

🚩 Legal Baggage Won’t Stop the Show

The IPO run hasn’t been drama-free.

The company faced searches and seizures related to allegations of fund misappropriation. The former CEO stands accused of embezzling $2 million in corporate funds.

But current Bithumb leadership remains bullish, positioning the restructuring and IPO as a reset and a move toward stronger compliance, data security, and client protection.

🧭 Why This Restructure Could Be a Game-Changer

The move to separate business lines isn’t just optics — it’s a calculated play to:

• 🔒 Boost investor confidence by isolating risks
• 🏦 Improve asset protection and operational clarity
• 🚀 Stay competitive in an increasingly crowded exchange landscape
• 📜 Align with regulatory demands and global best practices

With the crypto sector under growing scrutiny worldwide, Bithumb’s restructuring is a signal: play by the rules, scale globally, and stay competitive.

🧠 TL;DR

• Bithumb is restructuring ahead of a planned KOSDAQ IPO in late 2025
• The company is spinning off non-exchange operations into a new entity, Bithumb A
• Assets will be split: 44% to Bithumb A, 56% to the core exchange
• Despite legal setbacks, Bithumb is betting on transparency, risk isolation, and investor trust
• If the IPO succeeds, Bithumb could become South Korea’s first publicly traded crypto exchange — and a major player on the global stage

One exchange. Two companies. One shot at rewriting the crypto playbook in Korea.

The Bithumb IPO watch has officially begun.