Upbit Plans Nasdaq IPO After Strategic Merger With Naver: Bloomberg Report

South Korean cryptocurrency exchange Upbit is pursuing a Nasdaq initial public offering following its merger with internet giant Naver, according to Bloomberg sources. The potential IPO would mark a significant milestone for the Asian crypto industry and could boost investor confidence in digital asset markets. The merger with Naver provides Upbit with enhanced technological infrastructure and regulatory compliance capabilities necessary for a successful U.S. listing. Market analysts suggest this move could pave the way for other Asian crypto exchanges to explore similar public offering opportunities in Western markets.