Bithumb is trying to work on an IPO, with a target listing date of the second half of 2025

According to BlockBeats news on November 12th, Bithumb Korea, the operator of Bithumb, has selected Samsung Securities as the underwriter at the end of last month and has begun the IPO process with plans to go public on KOSDAQ. The target listing date is expected to be in the second half of 2025. Bithumb refused to comment on the IPO plan but confirmed that they have indeed selected an underwriter. The interpretation is that in order for Bithumb to overturn Upbit's dominant market position of around 85% and regain the top market position, enhancing trust in the company is the most important thing.