Bithumb is restructuring its business ahead of a planned initial public offering (IPO) by splitting into two entities: Bithumb Korea and a newly formed Bithumb A. Bithumb Korea will solely manage the core crypto exchange operations and is looking to list on South Korea's Kosdaq, with a potential future listing on Nasdaq. Bithumb A will focus on venture investments, asset management, and financial products. This restructuring is set to take effect on July 31. The new entity will consolidate existing investment arms, including Bithumb Partners, which is shifting its focus from NFTs and metaverse projects to investments in equities, bonds, and convertible bonds. In 2024, Bithumb reported an operating profit of 130.8 billion won ($95 million), a strong recovery from a loss the previous year, underscoring its potential for growth as it prepares for public listing.

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