On April 2, South Korean cryptocurrency exchange Bithumb announced that it has postponed its IPO timeline to after 2028, further delaying its previous 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. It has signed a consulting agreement with Samjong KPMG until the end of 2027, with the IPO expected to be completed thereafter. Despite Bithumb achieving approximately $43 billion in revenue (651 billion KRW) in 2025 and increasing its market share to over 30%, a series of recent internal and regulatory issues have put pressure on the IPO process. This includes an incident of 'misoperation' where the platform mistakenly issued about 620,000 bitcoins (valued at approximately $43 billion at the time) during an event; although most of the funds have been recovered, it has triggered an investigation by South Korea's financial regulatory authorities.