South Korean crypto giant Bithumb is slamming the brakes on its public listing plans. According to the exchange’s Chief Financial Officer, the timeline for its initial public offering has been pushed back significantly, with a debut now unlikely until after 2028. This marks a substantial delay from the previously targeted 2025 window, signaling a major shift in strategic priorities for one of the region’s top trading platforms.

The decision stems from a concerted effort to fortify the company’s operational integrity amid a volatile market. Management is currently prioritizing the strengthening of accounting policies and rigorous internal controls before pursuing a market entry. By focusing on these critical structural enhancements now, Bithumb aims to ensure a more robust and compliant financial foundation before eventually facing public investors.