South Korean cryptocurrency exchange Bithumb is exploring the possibility of listing its shares on the US Nasdaq.
Bithumb Considers US Nasdaq Listing Amid Global Expansion Plans
During a recent shareholders meeting, Bithumb executives announced that they are evaluating options for a public listing with both local and international markets in mind.
Bithumb reportedly plans to go public in late 2023 by listing its shares on Kosdaq, South Korea’s equivalent of Nasdaq. The exchange had targeted the second half of 2025 for the listing after choosing Samsung Securities to lead its initial public offering (IPO).
During the meeting, a Bithumb official emphasized the company’s flexibility in considering both local and global exchanges, saying, “As for listing, all possibilities are open, not only domestically but also abroad.”
While the U.S. Nasdaq has been named as a potential option, Bithumb has yet to finalize its decision. The exchange did not respond to CoinDesk’s requests for comment on its listing plans.
The move comes as Bithumb seeks to strengthen its global presence and capitalize on the growing interest in cryptocurrency trading in international markets.
If successful, a Nasdaq listing would place Bithumb alongside major industry players like Coinbase and further solidify the exchange’s global footprint.
*This is not investment advice.