South Korean Crypto Exchange Bithumb Considering U.S. Stock Exchange Listing

South Korean crypto exchange Bithumb is making waves in the industry as it considers a potential listing on a U.S. stock exchange, specifically the Nasdaq. This news comes after the exchange informed shareholders of its plans on Monday, indicating a strategic move to expand its market presence.

Bithumb, the second-largest crypto exchange in South Korea by trading volume, had previously explored the possibility of listing on the Korean Nasdaq equivalent Kosdaq. The initial public offering (IPO) was aimed at boosting the firm’s market share to compete with its top domestic rival, Upbit. While Bithumb currently ranks 18th in trading volume, Upbit has surged to the fifth position.

With Samsung Securities selected as the IPO manager for the Kosdaq listing scheduled for late 2025, Bithumb has not disclosed a timeline for a potential Nasdaq listing. An official from Bithumb emphasized that all options are being considered, both domestically and internationally.

If Bithumb proceeds with a Nasdaq listing, it would join Coinbase as the only other crypto exchange listed on the prestigious stock exchange. Coinbase experienced a significant surge in value upon its public debut, with stocks soaring over 50% on the first day of trading.

Investors and industry observers are closely monitoring Bithumb’s potential move to enter the U.S. market, as it could have a significant impact on the crypto exchange landscape. Stay tuned for further developments as Bithumb explores new opportunities for growth and expansion.