Bithumb, South Korea's leading cryptocurrency exchange, has set a target for an initial public offering in 2028, according to reports from The Korea Herald.
The company is coupling its listing ambitions with a comprehensive governance overhaul to meet regulatory standards and attract institutional investors.
The move comes as the chief of Korea's stock market operator has committed to a comprehensive overhaul of the KOSDAQ market, pledging to restore investor confidence through enhanced transparency and structural reforms.
The announcement signals a broader push to professionalize the digital asset sector in Asia's fourth-largest economy.
Bithumb's IPO plans reflect growing maturity in the crypto industry, with exchanges seeking public listings to raise capital and improve credibility.
The 2028 timeline allows the company to implement necessary changes while navigating evolving regulatory frameworks.