Bithumb division to the exchange of encryption, the investment arm before planned the South Korean public subscription

Bithumb plans to divide basic coding work from other activities as it reorganizes it in preparation for a preliminary general offer (IPO).

The Seoul -based company will be divided into two parts, as Korea in Korea is only focused on operating the basic coding exchange. Bithumb Korea will be the entity that seeks to get a general list, Local media I mentioned, Quoting from Corporate record in the country.

Another unit, a newly created company called Bithumb A, will supervise Venture Investments, Asset Management and New Business Initiatives. The restructuring was set to become valid on July 31.

Bithumb A will unify the stock market’s investment weapons, including Bithumb Partners, which have been transformed from NFT and Metavers’ projects to financial products such as stocks, bonds and bonds that are convertible. According to local media, Bithumb is holding talks with entities licensed to provide these services in the country.

Bithumb Investment, which manages stock and strategic partnerships with external companies, will also decrease under the supervision of Bithumb A.

Last year, Betomb He was said to be thinking about the Nasdak listBut now its plans have turned into a list of Kosdaq in South Korea first, with an American list as a secondary goal.

BitHumb recorded a operating profit of 130.8 billion WNA (95 million dollars) in 2024, reflecting the loss of 149 billion undergoing from the previous year, local media reported.