Bithumb在2025年IPO之前将自己分为两分，拆下了投资和持有单位

当地媒体报道说，韩国加密货币交易所Bithumb在计划的首次公开募股（IPO）之前重组其业务（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.

当地媒体报道，Bithumb是一家著名的韩国加密货币交易所，正在重组其运营，并在2025年下半年计划的首次公开募股（IPO）之前分为两个实体。

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.

根据《韩国经济日报》的报告，该公司将其非交换业务旋转到一个新的实体，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.

公司注册表的变更表明，Bithumb A将容纳公司的投资，持有和新的业务部门，而原始的Bithumb实体将继续使用加密货币交易所运营。

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

该报告补充说，衍生产品旨在将潜在风险从非核心活动中隔离开来，并提高运营效率。

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.

股东将获得两个实体股票的3：1比率，以反映其现有的Bithumb持股。三星证券被任命为IPO的主要承销商。

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

Bithumb正在考虑在韩国的Kosdaq上列出上市，或者追求包括美国纳斯达克在内的双重清单。

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

该公司此前曾在2020年尝试使用Kosdaq上市，但由于监管不确定性而退出。

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报告说，净利润为1.1亿美元，比上一年增长了560％。尽管增长了这种增长，但交易所仍然是国内竞争对手的市场份额。

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，根据CoinMarketCap.com的数据，UPBIT在最后一天的交易量为22.4亿美元，而Bithumb的贸易量为9.347亿美元。

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

该公司的重组正在向潜在的投资者展示更透明和集中的公司结构。

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

此外，通过将其核心交流业务与其他合资企业分开，Bithumb的目的是减轻风险并促进监管合规性。

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

该公司表示，分拆和IPO计划受股东批准和监管审查的约束。

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

Bithumb尚未披露超过2025年下半年的IPO的特定时间表。