Bithumb plans to divest its non trading platform business unit as it advances its IPO

On April 22nd, according to The Block, Bithumb, one of South Korea's major cryptocurrency trading platforms, has restarted its business separation plan with the aim of refining and strengthening its various business segments, while preparing for its initial public offering (IPO) this year. According to a statement released by Bithumb on Monday, the previously postponed split plan will take place on July 31, 2025. The newly split entity has been named "Bithumb A", but its official English name has not yet been announced.