Report: Reverse Merger Could Take Bithumb Crypto Exchange Public in the U.S.

Singapore-based holding firm Blockchain Exchange Alliance, which has a controlling stake in major crypto exchange Bithumb, is looking to list in the United States by acquiring a publicly traded company in the country, CNBC reports on Jan. 22.

According to CNBC, a publicly-traded holding company called Blockchain Industries announced that it had a binding letter of intent with Blockchain Exchange Alliance. Acquiring a publicly-traded company, or a so-called reverse merger, can be a faster way to take a company public than a traditional Initial Public Offering (IPO).

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