Bithumb Exchange Accelerates IPO Strategy with Corporate Spinoff Amid Korea’s Stablecoin Expansion
South Korea's Bithumb exchange is advancing its IPO plans, having secured regulatory approval for a corporate restructuring that separates its Core exchange operations into a new holding entity. This follows a March 2025 Supreme Court ruling that resolved legal uncertainties involving former chairman Lee Jung-hoon, removing a major obstacle for its targeted 2026 KOSDAQ listing.
Concurrently, Korean banks are ramping up stablecoin development through an expanding industry alliance. The consortium is focused on creating KRW-pegged digital assets, highlighting increasing institutional adoption of blockchain-based settlement solutions. Bithumb maintains strong trading volumes, positioning it as a primary beneficiary of South Korea's evolving crypto infrastructure.
