Bithumb posts KRW 163.5 billion in operating profit last year... up 22.3% from a year earlier
Summary
- Bithumb disclosed that it posted revenue of KRW 651.3 billion and operating profit of KRW 163.5 billion last year, up 31.2% and 22.3%, respectively, from a year earlier.
- Bithumb said it believes improved results were driven by market sentiment, including expectations for U.S. President Donald Trump's virtual asset policies and Bitcoin setting new record highs.
- Bithumb said it will proactively strengthen regulatory compliance and service operations in line with institutional changes such as the enactment of the Basic Act on Digital Assets and the opening of the corporate market, and will continue stable growth through new service development and improvements in user convenience.
Forecast Trend Report by Period
Bithumb, a domestic virtual asset (cryptocurrency) exchange, disclosed on the 31st that it posted revenue of KRW 651.3 billion and operating profit of KRW 163.5 billion last year. The figures represent increases of 31.2% and 22.3%, respectively, from the previous year.
On the day, Bithumb said it believes improved results were driven by market sentiment, including expectations surrounding U.S. President Donald Trump's virtual asset policies and Bitcoin setting fresh record highs.
With sweeping institutional changes expected, including the enactment of the Basic Act on Digital Assets and the opening of the corporate market, Bithumb plans to step up regulatory compliance and service operations.
A Bithumb official said, "This year, we will seek new business opportunities amid the institutionalization trend," adding, "We will continue stable growth by developing new services and improving user convenience."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
