Bithumb Dominates South Korean Crypto Market Ahead of $1 Billion IPO

South Korea’s leading cryptocurrency exchange, Bithumb, has surged back to prominence, capturing more than a quarter of the country’s digital currency trading volume ahead of its anticipated billion-dollar initial public offering (IPO) in late 2025. This comeback follows a tumultuous year for the exchange, marked by hacks and regulatory scrutiny that led to a sharp decline in market share.