Bithumb will spin off its non-exchange business units while advancing its IPO

ChainCatcher news, according to The Block, one of South Korea's major cryptocurrency exchanges, Bithumb, has restarted its business split plan, aimed at refining and strengthening 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 postponed split plan will take place on July 31, 2025. The newly split entity is named "Bithumb A," but its official English name has not yet been announced.