South Korean cryptocurrency exchange Bithumb has postponed its initial public offering (IPO) to after 2028, citing regulatory challenges and strategic considerations. Initially planned for 2027, the delay was confirmed by Bithumb CFO Jeong Sang-gyun, who emphasized the need to strengthen accounting policies and internal controls. The decision aligns with the anticipated approval of the Framework Act on Digital Assets by the second half of 2026. The delay is also influenced by shareholder expectations for dividend payments, as Bithumb's competitor Dunamu continues to distribute dividends. Despite these challenges, Bithumb reported total assets of 3.3249 trillion and liabilities of 2.461 trillion for 2025. The exchange's trading volume reached $523 million recently, although it faces increased selling pressure amid a recent investigation involving a $40 billion Bitcoin transaction error.