Bithumb Reports Operating Profit of 7.4 Billion KRW in Q3, Returns to Profitability
Virtual asset exchange Bithumb announced on the 14th that its operating profit for the third quarter of this year reached 7.4 billion KRW, turning profitable from an operating loss of 650 million KRW in the same period last year.
Revenue increased by 112.7% to 68.9 billion KRW. Net profit for the period was 3.1 billion KRW, reversing a net loss of 10.6 billion KRW.
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A Bithumb representative said, "The overall increased interest in virtual assets and the recovery of investment sentiment have led to an increase in virtual asset trading users, resulting in improved performance."
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