Bithumb may go public in South Korea South Korean exchange operator Bithumb is planning an initial public offering (IPO), local media reported.

Bithumb Crypto Exchange May Go To IPO In South Korea

The operator of the South Korean exchange Bithumb plans to enter primary exchange placement (IPO), according to local media.

According to them, Bithumb has selected the capital markets company Samsung Securities to organize the listing and has begun to conduct preparatory activities on its part.. Local experts believe that this move could contribute to the further spread of cryptocurrencies in South Korea.

However, the company still has several issues to resolve that are critical to the success of its plan. At the end of last year, the South Korean Internal Revenue Service filed a demand against Bithumb to pay $ 67 million for the transactions of its foreign clients..

Due to the uncertain status of cryptocurrencies and their taxation, an IPO application may not meet existing requirements. A source familiar with the situation also noted that the company's own problems and the complexity of assessing its business can further complicate the procedure..

Today, Bithumb Holdings (formerly BTC Holding Company) controls a 75 percent stake in the exchange. In 2019, it already attempted to gain public status by signing an agreement of intent with Blockchain Industries, a US-listed OTC market, with the aim of a reverse takeover..

also in soon Chinese may go to IPO mining equipment manufacturer Ebang cryptocurrencies.

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