Key Takeaways Bithumb targets a 2028 IPO with a preliminary listing filing set for 2027. A February ledger error involving 620,000 BTC, near $43 billion, triggered an FSS review. Watch Bithumb’s 2027 filing and Korea’s 22% crypto tax starting January 2027. Rather than promising a quick path to market, the roadmap published by the South Korean exchange focuses on the less glamorous work that typically determines whether an exchange is ready to become a public company: stronger accounting, tighter internal controls and regulatory compliance. The company will spend 2026 upgrading its governance and converting its financial reporting to K-IFRS, the …


