Bithumb, which operates a virtual asset transaction platform, announced on the 22nd that it will pursue partitioning.
The existing corporation, Bithumb, will focus on existing businesses such as transaction operations, while the newly established corporation will actively engage in new business ventures and investments. The partitioning ratio between the existing corporation and the newly established corporation is 56 to 44, with the partitioning date set for July 31 of this year.
This decision will be finalized through an extraordinary shareholders' meeting on June 13, and the newly established corporation is set to launch in August. Previously, Bithumb announced a plan for partitioning in March of last year but put it on hold due to pressing issues such as the implementation of the virtual asset user protection law.
A Bithumb official noted, "The transaction platform and new business will each drive the corporate quantitative and qualitative growth with their independence and expertise."