[Bithumb Delays IPO to 2028 Due to Internal and Regulatory Factors] Odaily Planet Daily reports that South Korean cryptocurrency exchange Bithumb has announced a delay in its IPO timeline to after 2028, further postponing its earlier target of going public in the second half of 2025. The company stated that it is still in the preparation phase for the IPO, focusing on improving accounting policies, strengthening internal controls, and advancing internal audits. Bithumb has signed an advisory agreement with Samjong KPMG through the end of 2027, with the IPO expected to take place after that. Although Bithumb achieved approximately $43 billion in revenue (651 billion KRW) in 2025 and increased its market share to over 30%, a series of recent internal and regulatory issues have put pressure on the IPO process. Among these was an 'operational error' incident, where the platform mistakenly distributed approximately 620,000 Bitcoin (valued at around $43 billion at the time) during a promotional event. While most of the funds have been recovered, the incident triggered an investigation by South Korea's financial regulatory authorities.