Bithumb's market share has fluctuated between 10% and 20%, and a successful Nasdaq listing could significantly enhance its growth prospects.

A Bithumb official stated that the firm is open to exploring both domestic and international listing options, including the United States.

The information regarding Bithumb's IPO plans was reported by local news outlet Daehan Economic, but has not been officially confirmed by the company.

Bithumb, South Korea's second largest cryptocurrency exchange, is exploring a potential listing on the Nasdaq, as discussed during a recent shareholders meeting.

Currently, Bithumb has achieved a significant trade volume of over $574 million in the last 24 hours, positioning it as the second largest spot crypto trading platform in South Korea, trailing only Upbit.

The exchange is targeting a Nasdaq listing in the latter half of 2025 and has appointed Samsung Securities as its lead underwriter for the initial public offering.

Bithumb's earlier attempts to go public on the Kosdaq were thwarted by regulatory and accounting issues, as cryptocurrencies are not fully recognized as legitimate financial products in South Korea.

The company is preparing for its IPO, potentially in the second half of 2025, as it aims to strengthen its position in the digital asset market.

This move to consider a Nasdaq listing aligns with trends in the crypto industry, as other firms like Circle have also announced IPO plans.

Bithumb did not immediately respond to requests for further comments regarding its IPO plans.

In addition to its overseas ambitions, Bithumb is also considering a domestic listing on the Kosdaq, which it had previously planned before facing regulatory challenges.

In March 2024, Bithumb launched a new entity, Bithumb Investment, to bolster its digital asset exchange business and improve its IPO prospects.