Crypto Exchange Bithumb Considering Public Listing on Nasdaq: Report

South Korean crypto exchange Bithumb is reportedly telling shareholders that it is mulling a U.S. stock exchange listing.

According to local outlet DNews, Bithumb told shareholders on Monday that South Korea’s second-largest crypto exchange by trading volume is mulling a Nasdaq listing.

The exchange reportedly considered a similar move late last year for the Korean Nasdaq equivalent Kosdaq. At the time, it was reported that the IPO was geared toward increasing the firm’s market share to catch up to its top domestic competitor, Upbit. While Bithumb is the 18th-largest crypto exchange by trading volume, Upbit has climbed up to number five.

After choosing Samsung Securities as the initial public offering (IPO) manager, Bithumb set a date for late 2025 for its Kosdaq listing. No such schedule has been put forth for a Nasdaq listing, yet.

Stated a Bithumb official in the report,

“Regarding listing, all possibilities are open, not only domestically but also overseas.”

If Bithumb were to enter the US market, they would join Coinbase as the only other crypto exchange listed on the Nasdaq. Coinbase, for its part, saw a significant increase in value upon going public. On the first day of trading, Coinbase stocks (COIN) saw an over 50% increase from its starting reference price.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3