Report: Bithumb considers listing on the Nasdaq

  • Bithumb is South Korea’s second-largest crypto exchange
  • The company held a shareholder meeting on September 30 and is eyeing a potential listing on Nasdaq

Bithumb, the second-largest crypto exchange in South Korea, is reportedly considering public listing in the US.

According to a local news report in dnews, Bithumb held an extraordinary shareholder meeting in which the company deliberated on the potential to list on the Nasdaq.

Bithumb is considering an IPO in 2025

The meeting held on Sept. 30 reviewed the consideration around an initial public offering in the second half of 2025. Also featured on the agenda was the company’s name – with shareholders passing the resolution to change the name from Bithumb Korea to Bithumb. Initially, the exchange went by BTC Korea.com.

News of Bithumb’s plans to go public in the US comes as a few other crypto companies, including Circle, have recently revealed IPO plans. Crypto news provider Wu Blockchain also shared the potentially huge Bithumb move.

Bithumb first moved towards the push to become a publicly-traded company in 2020. But with crypto regulatory hurdles and accounting standards unfavourable, the company gave up the KOSDAQ IPO plans.

The exchange is still open to a domestic listing. However, it’s also eyeing an overseas offering given the example of Coinbase.

For its US IPO, the South Korea-based crypto exchange will work with Samsung Securities as the lead underwriter. Bithumb’s market share has hovered between 10% and 20%, and the potential for Nasdaq listing and presence could spark further growth.

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NEIRO, DOGS Token, PEPE Coin, Rexas Finance (RXS): Experts tip 4 coins to invest in October 2024

The crypto market has the potential to offer a great investment opportunity for handsome rewards on little investments. While Bitcoin and other big names have always been on big investors’ radar, many smart investors are choosing cheap alternatives with better potential for huge investment returns. Going into what could be another rally period, some experts have tipped NEIRO, DOGS, PEPE Coin, and the debuting RWA token, Rexas Finance (RXS), as the four best coins to invest in if you’re on a budget in October 2024.

Rexas Finance (RXS)

On September 8, Rexas Finance entered the crypto market with a huge buzz as it sold out its first presale stage in less than 72 hours. Rexas, known for its uniqueness in the RWA crypto sector, offers another dimension to asset ownership. The project seeks to close the gap separating blockchain technology from conventional markets. It lets users tokenize factual assets including real estate, commodities, intellectual properties, etc. Users may thus earn passively from the convenience of their homes. 

Aside from asset tokenization, Rexas Finance offers an opportunity to own an asset from anywhere globally. Through Rexas Estate, users can sell or buy a fraction or complete asset. Rexas AI Shield ensures a transparent and safe transaction. 

Users also have the opportunity to promote their tokenized asset startups and raise funds using the Rexas Launchpad. The Rexas team recently announced a $1 million USDT giveaway. By completing some quests, contestants have a chance to win 50,000 USDT if they’re among the top 20. 

This event has further increased Rexas Finance’s reach in the crypto market. With the current presale now over 60% complete, some analysts are predicting a 5,700% rise post-launch. With the current price of $0.05, investors have an opportunity to join now before the stage completes and the price rises to $0.06 in stage four. 

Neiro Coin (NEIRO)

Can September improve for the NEIRO, a viral memecoin with over 1,800% weekly surge? Neiro continued its amazing feat as it surged to a record high of $0.0012, bringing its market cap to over $484 million. 

Rising above the likes of Book of Meme, Cat in a Dog’s World, and Mog Coin, it is now the ninth-largest meme coin. Community enthusiasts are already comparing this amazing rise to the one witnessed by PEPE in May. 

With another Bitcoin bull rally in sight, Neiro offers a low-budget investment option with notable gains in October.

Dogs (DOGS)

Introduced on April 24, 2024, DOGS, sometimes known as DOG•GO•TO•THE•MOON was launched using the Runes protocol. It first gained notoriety in August following a successful airdrop campaign delivering over 75,000 Runestone Ordinal NFT owners 100 billion DOG tokens. 

Following the airdrop, DOGS soared to a new ATH of $0.001633. 

DOGS has since dropped 47% of its gains to profit-taking from short-term holders as the price hovers around $0.0008619. However, long-term holders are busy buying the dips in anticipation of another rally. 

Experts believe all the token needed is another favorable push in the market. With the awaited “Uptober” drawing closer and the recent Fed rate cut, DOGS might soar 10x. This affordable price and potential for massive gain make it a go-to for an investor on a budget.

Pepe Coin (PEPE)

Is there a need for an introduction? Maybe not. Pepe coin, the giant Ethereum memecoin, has been the benchmark for any meme rally this year. With over 1,000% year-to-date gain, PEPE set a new ATH on May 27 at $0.0000172 after breaking several highs across the previous months. Following an On-chain report indicating over 90% of PEPE holders in profit as of early June, the coin suffered a huge profit taking from short-term investors, dropping the price by 50%. 

However, the recent market resurgence, triggered by the 0.5% fed rate cut, has brought PEPE back into the limelight. Over the week, PEPE has recorded a notable 11% increase. Experts tip PEPE to lead the memecoin rally in “Uptober”, making it a top crypto for any portfolio at the current price of just $0.0000081.

Conclusion 

As we approach October 2024, undervalued altcoins like Neiro, DOGS token, PEPE coin, and Rexas Finance (RXS) could be top contenders for huge gains. At just $0.05, Rexas Finance’s ongoing presale offers the best opportunity for investors to jump on a revolutionary crypto project set to disrupt the trillion-dollar RWA market. Visit the official Rexas Finance website for how to get started. 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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