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Blockchain Reporter

Bithumb Sets 2028 IPO Target for South Korea’s Second-Largest Crypto Exchange

South Korea’s second-largest cryptocurrency exchange, Bithumb, has mapped out a public listing target of 2028, with a preliminary review scheduled for 2027, according to the original report. The timeline, however, is not set in stone.

Bithumb warned that the schedule could shift depending on market conditions and the pace of regulatory approvals—a crucial caveat for an exchange that has faced repeated compliance scrutiny in the past.

Bithumb has long jostled for dominance with Upbit, which consistently leads in trading volumes, but an IPO could vault Bithumb into a different league of institutional credibility.

South Korea remains one of the largest crypto trading markets by volume, with retail participation driving deep liquidity across both centralized and decentralized venues.

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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.

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