TechFlow news, April 22 — According to The Block, South Korea's major cryptocurrency exchange Bithumb announced on April 22, 2025, that it will officially spin off its non-trading operations into a new entity called "Bithumb A" by July 31. This restructuring aims to prevent risks from non-trading activities spreading to trading operations and to enhance the professionalism and competitiveness of each business unit. The post-spinoff equity distribution ratio will be approximately 56:44. The company plans to conduct an IPO in the second half of 2025, has appointed Samsung Securities as underwriter, and is considering the possibility of listing on Nasdaq.
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