Crypto Exchange Bithumb Seeks US Listing via Reverse Merger Deal

Bithumb, one of the largest cryptocurrency exchanges by trading volume, is looking to go public in the U.S. through a reverse-merger route.

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 (LoI) 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.

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