Bithumb, one of the largest cryptocurrency exchanges by trading volume, is looking to go public in the U.S. through a reverse merger.
Blockchain Industries, an investment firm focusing on the crypto and blockchain industry and traded on the U.S over-the-counter markets, announced Tuesday that it had signed a binding letter of intent agreement with Singapore-based BTHMB Holdings, the holding company of Bithumb, for the reverse merger deal.
A reverse merger is also known as a reverse initial public offering (IPO), wherein a private company acquires a publicly listed company to bypass the lengthy and complex process of a conventional IPO.