{"id":67306,"date":"2026-04-02T09:43:25","date_gmt":"2026-04-02T02:43:25","guid":{"rendered":"https:\/\/hbbgroup.net\/crypto-exchange-bithumb-to-delay-ipo-until-after-2028-report\/"},"modified":"2026-04-02T09:43:25","modified_gmt":"2026-04-02T02:43:25","slug":"crypto-exchange-bithumb-to-delay-ipo-until-after-2028-report","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/crypto-exchange-bithumb-to-delay-ipo-until-after-2028-report\/","title":{"rendered":"Crypto exchange Bithumb to delay IPO until after 2028: Report"},"content":{"rendered":"<p data-testid=\"post-description\">According to the company CFO, Bithumb was \u201cstrengthen[ing] accounting policies and internal controls\u201d ahead of its IPO plans, already delayed from 2025.<\/p>\n<div>\n<div data-testid=\"html-renderer-container\">\n<p>South Korea-based cryptocurrency exchange Bithumb is reportedly expecting its initial public offering (IPO) sometime after 2028, in another delay after restructuring and regulatory hurdles.<\/p>\n<p>According to a Tuesday report from Maeil Business News Korea, a Bithumb official <a title=\"https:\/\/www.mk.co.kr\/news\/stock\/12003197\" href=\"https:\/\/www.mk.co.kr\/news\/stock\/12003197\" target=\"_blank\" rel=\"nofollow noopener\">said<\/a> that it would \u201cfocus on preparing for the listing until 2027.\u201d CFO Jeong Sang-gyun said at the company\u2019s annual shareholder meeting that Bithumb was \u201cstrengthen[ing] accounting policies and internal controls\u201d following an IPO advisory contract with Samjong KPMG.<\/p>\n<p><iframe width=\"100%\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/FJrkxmrLUg4?start=\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen loading=\"lazy\"><\/iframe><\/p>\n<p>Shareholders <a title=\"https:\/\/cointelegraph.com\/news\/bithumb-seeks-ceo-lee-jae-won-reappointment\" href=\"https:\/\/cointelegraph.com\/news\/bithumb-seeks-ceo-lee-jae-won-reappointment\">reconfirmed CEO Lee Jae-won<\/a> for a two-year appointment at the Tuesday meeting, but the delayed IPO timeline was the latest after Bithumb initially expected a 2025 listing. Under Lee, the exchange <a title=\"https:\/\/cointelegraph.com\/news\/bithumb-seeks-ceo-lee-jae-won-reappointment\" href=\"https:\/\/cointelegraph.com\/news\/bithumb-seeks-ceo-lee-jae-won-reappointment\">faced a six-month suspension<\/a> and a $24 million fine from South Korean authorities for alleged anti-money-laundering violations.<\/p>\n<p>A major South Korean exchange going public could impact local markets and crypto adoption in the country. Dunamu, the operator of crypto exchange Upbit, is reportedly <a title=\"https:\/\/www.sedaily.com\/article\/14151093\" href=\"https:\/\/www.sedaily.com\/article\/14151093\" target=\"_blank\" rel=\"nofollow noopener\">planning<\/a> an IPO <a title=\"https:\/\/cointelegraph.com\/news\/naver-dunamu-share-swap-delay-filing\" href=\"https:\/\/cointelegraph.com\/news\/naver-dunamu-share-swap-delay-filing\" target=\"_blank\" rel=\"nofollow noopener\">following a share swap<\/a> with Naver Financial, expected in September.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a title=\"https:\/\/cointelegraph.com\/news\/south-korea-tax-agency-private-crypto-custody-seed-phrase-leak\" href=\"https:\/\/cointelegraph.com\/news\/south-korea-tax-agency-private-crypto-custody-seed-phrase-leak\"><em><strong>South Korea tax agency seeks private crypto custodian after security lapses<\/strong><\/em><\/a><\/p>\n<p>Bithumb made headlines in February after the exchange <a title=\"https:\/\/cointelegraph.com\/news\/south-korea-fsc-delay-bithumb-probe-bitcoin-error\" href=\"https:\/\/cointelegraph.com\/news\/south-korea-fsc-delay-bithumb-probe-bitcoin-error\" target=\"_blank\" rel=\"nofollow noopener\">mistakenly credited many users<\/a> with about 2,000 Bitcoin (<a title=\"https:\/\/cointelegraph.com\/bitcoin-price\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" target=\"_blank\" rel=\"nofollow noopener\">BTC<\/a>) instead of 2,000 South Korean won. The error briefly created internal balances totaling more than $40 billion, though most of the funds existed only on the exchange\u2019s internal ledger and were later reversed.<\/p>\n<h2>Mixed signals in South Korea\u2019s crypto policy shift<\/h2>\n<p>Lee Jae-myung <a title=\"https:\/\/cointelegraph.com\/news\/south-korea-elects-pro-crypto-candidate-lee-jae-myung-as-president\" href=\"https:\/\/cointelegraph.com\/news\/south-korea-elects-pro-crypto-candidate-lee-jae-myung-as-president\" target=\"_blank\" rel=\"nofollow noopener\">took office as South Korea\u2019s president<\/a> in June 2025, and his political party quickly moved to introduce legislation on the issuance of payment stablecoins.<\/p>\n<p>South Korean lawmakers initially proposed a tax hike on crypto gains expected to take effect in 2021. However, the measure has faced repeated delays and <a title=\"https:\/\/cointelegraph.com\/news\/south-korea-opposition-proposes-scrapping-crypto-tax-2027\" href=\"https:\/\/cointelegraph.com\/news\/south-korea-opposition-proposes-scrapping-crypto-tax-2027\" target=\"_blank\" rel=\"nofollow noopener\">may be scrapped entirely<\/a>, according to reports from March.<\/p>\n<p><iframe width=\"100%\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/UtcU34rcn50?start=\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen loading=\"lazy\"><\/iframe><\/p>\n<p>As of March 2025, an <a title=\"https:\/\/cointelegraph.com\/news\/south-korean-crypto-exchange-users-hit-16-million\" href=\"https:\/\/cointelegraph.com\/news\/south-korean-crypto-exchange-users-hit-16-million\" target=\"_blank\" rel=\"nofollow noopener\">estimated 16 million South Koreans<\/a> held accounts on crypto exchanges.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a title=\"https:\/\/cointelegraph-magazine.com\/newbies-guide-surviving-crypto-winter\/\" href=\"https:\/\/cointelegraph-magazine.com\/newbies-guide-surviving-crypto-winter\/\" target=\"_blank\" rel=\"nofollow noopener\"><em><strong>A newbie\u2019s guide to surviving crypto winter<\/strong><\/em><\/a><\/p>\n<p><template data-type=\"markets_outlook\" data-name=\"subscription_form\" data-label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p>Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy <a href=\"http:\/\/cointelegraph.com\/editorial-policy\">https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>According to the company CFO, Bithumb was \u201cstrengthen[ing] accounting policies and internal controls\u201d ahead of its IPO plans, already delayed [&hellip;]<\/p>","protected":false},"author":5,"featured_media":67307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-67306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/67306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=67306"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/67306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/67307"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=67306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=67306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=67306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}