Bithumb Plans to Become First Crypto Exchange Listed on Korean Stock Market.

Bithumb first crypto exchange in the South Korean Market, is set to make history as the first digital asset firm to go public on the KOSDAQ. According to local media reports, the exchange has set a target listing date for the second half 2025.

Bithumb’s decision to go public on the Korean stock market showcases the growing acceptance and mainstream adoption of cryptocurrencies. By becoming a listed company, Bithumb aims to enhance transparency and accountability in the crypto industry, which regulatory concerns have often marred.

The move also comes when the crypto market is witnessing increased scrutiny and regulation from governments and financial institutions worldwide. By subjecting itself to the regulations and oversight of the stock market, Bithumb aims to establish itself as a trusted and regulated platform for crypto trading.

Bithumb’s KOSDAQ listing will allow investors to gain exposure to the cryptocurrency market through a regulated and traditional investment vehicle. This could attract institutional investors and traditional financial players who have hesitated to participate in the crypto space due to regulatory uncertainties.

As the first crypto exchange to be listed on the Korean stock market, Bithumb will set a precedent for other digital asset firms seeking to go public. If successful, this could encourage other global exchanges to consider a similar path, further bridging the gap between traditional finance and the crypto industry.

The news of Bithumb‘s listing plans comes amidst a surge in Bitcoin millionaire wallets. According to data from BitInfoCharts, the number of crypto wallet addresses holding more than $1 million in Bitcoin has more than tripled this year, reaching 81,925. This growth indicates the increasing wealth accumulation and adoption of Bitcoin as a store of value.

With the crypto market gaining more mainstream recognition and acceptance, the future of cryptocurrencies and their role in traditional financial systems continues to evolve. Bithumb’s decision to go public could be a significant step towards integrating crypto and traditional finance, paving the way for further advancements in the industry.