<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bithumb-prepares-for-strategic-business-separation/" data-wpel-link="internal">Bithumb Prepares for Strategic Business Separation</a><br></p>
<p style="text-align: justify">South Korea-based cryptocurrency exchange giant <strong>Bithumb</strong>‘s operator Bithumb Korea has announced a strategic move to separate its commercial operations. This decision, which is seen as optimizing the feasibility of an upcoming initial public offering (IPO), means a strategic move to increase management efficiency and expertise in various sections.</p> 
<h2 style="text-align: justify" id="strong-preparing-for-an-ipo-strong"><strong>Preparing for an IPO?</strong></h2> 
<p style="text-align: justify">According to South Korean media outlet News 1, Bithumb Korea’s move to separate its operations will be followed by the establishment of a new company called <strong>Bithumb <a href="https://en.coin-turk.com/okx-ventures-invests-in-web3-computing-platform-delphinus-lab/" data-wpel-link="internal">Investment</a></strong>, which will oversee the holding, investment, and real estate leasing divisions. Meanwhile, as the surviving entity, Bithumb Korea will continue to focus on maintaining and expanding the existing cryptocurrency exchange as its core commercial activity.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-331832" src="https://coin-turk.com/wp-content/uploads/2024/03/Kripto-Para-Borsasi-Bithumb.jpeg" alt="" width="1280" height="720"></p> 
<p style="text-align: justify">Through the separation, Bithumb aims to streamline operations and decision-making processes while enhancing the expertise and efficiency of its business sectors. The cryptocurrency exchange, by isolating its business under the Bithumb Korea umbrella, aims to provide more transparent and stable services to its users and achieve improved management effectiveness.</p> 
<p style="text-align: justify">According to local media reports, an official from Bithumb explained the strategic rationale behind the separation, stating that the new company aims to strengthen the expertise of its business sectors and enhance management efficiency through rapid decision-making. This move indicates that Bithumb is preparing to optimize its business structure in preparation for potential market opportunities, including a possible future IPO.</p> 
<h2 style="text-align: justify" id="strong-may-also-follow-general-trend-among-exchanges-strong"><strong>May Also Follow General Trend Among Exchanges</strong></h2> 
<p style="text-align: justify">On the other hand, Bithumb’s decision to separate its commercial operations may be following the general trend among <strong>cryptocurrency exchanges</strong>, which are increasingly exploring ways to improve operational efficiency and regulatory compliance.</p> 
<p style="text-align: justify">As regulatory scrutiny towards crypto intensifies worldwide, cryptocurrency exchanges are trying to create structures with robust frameworks to overcome regulatory challenges while maintaining user safety, exchange security, and market competitiveness.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bithumb-prepares-for-strategic-business-separation/" data-wpel-link="internal">Bithumb Prepares for Strategic Business Separation</a></h5>

Bithumb Prepares for Strategic Business Separation

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