Bithumb Reports Weaker First-Half Results This Year: "Impact of Declining Trading Volume"

The performance of Bithumb, a domestic virtual asset exchange, has contracted due to a decrease in trading volume.

On August 14, Bithumb announced that its revenue for the second quarter of this year was 86.3 billion won, down 35.8% compared to the same period last year. Operating profit was 12.1 billion won, marking a 44.0% decline during the same period.

For the first half of this year, revenue amounted to 168.8 billion won, down 48.7% from the first half of last year, while operating profit shrank to 14.9 billion won, an 83.4% decrease.

The company attributed the deterioration of its financial results to two independent factors: the prolonged hawkish stance on interest rates in the United States and the movement of investment funds into the stock market. Bithumb plans to enhance its competitiveness through differentiated services and regulatory response. It aims to attract more corporate clients by proactively responding to the opening of the corporate market, and will continue to advance its security and user protection systems, including the introduction of Post-Quantum Cryptography (PQC).

A Bithumb official stated, "We will further solidify our fundamentals in response to market changes, while strengthening service competitiveness to lay the foundation for sustainable growth."

This content was produced with the assistance of AI translation services.