Bithumb to spin off non-trading platform business unit as it moves forward with IPO

According to TheBlock, one of South Korea's leading cryptocurrency exchanges, Bithumb, has relaunched its business spin-off plan, aiming to refine and strengthen its various business segments while preparing for an initial public offering (IPO) this year.
According to a statement released by Bithumb on Monday, the previously delayed spin-off will take place on July 31, 2025. The newly spun-off entity is named BithumbA, but its official English name has not been announced.