Bithumb在2025年IPO之前將自己分為兩分，拆下了投資和持有單位

當地媒體報導說，韓國加密貨幣交易所Bithumb在計劃的首次公開募股（IPO）之前重組其業務（IPO）

Bithumb, a prominent South Korean cryptocurrency exchange, is restructuring its operations and splitting into two entities ahead of a planned initial public offering (IPO) in the second half of 2025, local media reports.

當地媒體報導，Bithumb是一家著名的韓國加密貨幣交易所，正在重組其運營，並在2025年下半年計劃的首次公開募股（IPO）之前分為兩個實體。

The company is spinning off its non-exchange businesses into a new entity, Bithumb A, effective July 31, 2025, according to a report by Korea Economic Daily.

根據《韓國經濟日報》的報告，該公司將其非交換業務旋轉到一個新的實體，即Bithumb A，自2025年7月31日生效。

The corporate registry changes show that Bithumb A will house the firm’s investment, holding, and new business divisions, while the original Bithumb entity will continue with cryptocurrency exchange operations.

公司註冊表的變更表明，Bithumb A將容納公司的投資，持有和新的業務部門，而原始的Bithumb實體將繼續使用加密貨幣交易所運營。

The spin-off aims to segregate potential risks from non-core activities and enhance operational efficiency, the report adds.

該報告補充說，衍生產品旨在將潛在風險從非核心活動中隔離開來，並提高運營效率。

Shareholders will receive a 3:1 ratio of both entities’ shares, reflecting their existing Bithumb holdings. Samsung Securities is appointed as the lead underwriter for the IPO.

股東將獲得兩個實體股票的3：1比率，以反映其現有的Bithumb持股。三星證券被任命為IPO的主要承銷商。

Bithumb is considering listing on South Korea’s KOSDAQ or pursuing a dual listing that includes the Nasdaq in the United States.

Bithumb正在考慮在韓國的Kosdaq上列出上市，或者追求包括美國納斯達克在內的雙重清單。

The company previously attempted a KOSDAQ listing in 2020 but withdrew due to regulatory uncertainties.

該公司此前曾在2020年嘗試使用Kosdaq上市，但由於監管不確定性而退出。

In 2024, Bithumb reported a net profit of $110 million, showcasing a 560% increase from the previous year. Despite this growth, the exchange remains second to domestic competitor Upbit in market share.

2024年，Bithumb報告說，淨利潤為1.1億美元，比上一年增長了560％。儘管增長了這種增長，但交易所仍然是國內競爭對手的市場份額。

For instance, over the last day, Upbit recorded $2.24 billion in trade volume while Bithumb reported $934.77 million, according to coinmarketcap.com stats.

例如，根據CoinMarketCap.com的數據，UPBIT在最後一天的交易量為22.4億美元，而Bithumb的貿易量為9.347億美元。

The company’s restructuring is presenting a more transparent and focused corporate structure to potential investors.

該公司的重組正在向潛在的投資者展示更透明和集中的公司結構。

Moreover, by separating its core exchange business from other ventures, Bithumb aims to mitigate risks and facilitate regulatory compliance.

此外，通過將其核心交流業務與其他合資企業分開，Bithumb的目的是減輕風險並促進監管合規性。

The company has stated that the spin-off and IPO plans are subject to shareholder approval and regulatory review.

該公司表示，分拆和IPO計劃受股東批准和監管審查的約束。

Bithumb has not disclosed specific timelines for the IPO beyond the targeted second half of 2025.

Bithumb尚未披露超過2025年下半年的IPO的特定時間表。