Kiwoom Securities is pursuing a potential stake in Bithumb as South Korea’s crypto exchange sector continues attracting major institutional investors. The reported discussions come while Bithumb advances preparations for its planned initial public offering in 2028. According to ChosunBiz, Kiwoom Securities and Bithumb are negotiating a third-party allocation of newly issued shares. Under the proposed arrangement, Bithumb would issue new shares that Kiwoom would purchase as part of a strategic investment. Both companies are still discussing key terms of the deal. As a result, the investment size and ownership percentage remain undecided.