South Korean crypto-exchange giant Bithumb has fixed 31 July 2025 as the date to finalize a large-scale corporate overhaul.
As part of that, it will spin off non-exchange businesses into an independent company called “Bithumb A.” This is an important development in Bithumb’s longer-term effort to improve business clarity and minimize operational risk.
The news was confirmed by an official filing on South Korea’s DART system. As per the report, Bithumb’s restructuring will help to separate its business operations from unrelated enterprises. The designers meant this separation to shield its main exchange from outside disruptions.
Bithumb A will manage all non-exchange ventures. Although the company has not revealed its official English name, it has already finalized the internal structure and share distribution.
The original Bithumb will retain about 56% of the shares, while Bithumb A will hold the remaining 44%.
The reorganization paves the way for Bithumb’s imminent initial public offering later this year. The company has indicated that there could be a dual-listing path. It is listed on Korea’s domestic market and is considering listing on Nasdaq as well.
Korea’s Bithumb plans IPO, restructures
However, Samsung Securities is overseeing the IPO as underwriter. The exchange has not made a further statement on the listing process. Financials for Bithumb indicate robust strength.
Bithumb reported net earnings for 2024 at $110 million, 560% more compared to last year. In comparison, Upbit, the country’s top crypto exchange, reported $671 million in profits over the same period.
The spinoff is designed to sharpen Bithumb’s focus. By having more distinct separation between its operations, it plans to raise investor confidence as well as simplify decision-making.
It also plans to increase the competitiveness of all of its branch offices by having them more closely tied to their respective objectives.
The company has been preparing for this effort for some time. The company previously postponed restructuring but has now resumed the effort with a hard deadline.
Its renewed attention is an indicator of enhanced maturity in Korea’s crypto environment, as international pressure mounts on exchanges to improve their risk management.
Nonetheless, the crypto boom has provided Bithumb with the wind at its back. Having July 2025 on its calendar and public plans being on the agenda, the company is now at a crossroads in its path.
