Bithumb Prepares for Nasdaq Listing with Investment Arm Spinoff

South Korean cryptocurrency exchange Bithumb is preparing for a potential Initial Public Offering (IPO) by separating its investment and holding units into a new company this summer. This strategic move is part of a larger plan to ensure the exchange’s long-term growth, according to regulatory filings. The reorganization will form a distinct entity called Bithumb A, which includes Bithumb Holdings and Bithumb Investment, creating clearer division within the exchange for risk management and business focus. }