Bithumb has set out a three-stage path to a stock market listing in 2028, telling customers on Monday it will spend this year upgrading internal controls and preparing to switch accounting standards, then file for preliminary listing review in 2027. The exchange competes with Dunamu-operated Upbit for South Korea's domestic market.
The IPO roadmap comes as Bithumb faces a slew of legal and regulatory challenges.
None of it appears in Monday's notice, which lists Bithumb's promises to customers as transparent governance, stronger internal control, better investor protection, sustainable growth and a management system built to global standards. The company said the timetable could shift with market conditions and the pace of the review it will need to clear.
