PANews reported on April 22 that according to The Block, South Korean crypto exchange Bithumb announced that it will complete the corporate restructuring on July 31, 2025, divest its non-trading related businesses to establish a new entity "Bithumb A" to isolate potential risks and improve operational efficiency. The restructuring is aimed at preparing for the IPO planned in the second half of this year, with potential listing locations including the Korean local market and Nasdaq. Bithumb's net profit last year reached US$110 million, a year-on-year increase of 560%.