Bithumb Reports Operating Profit of 130.7 Billion KRW Last Year... "Turned Profitable with Market Recovery"
Bithumb announced in its business report on the 31st that its operating profit last year was 130.7 billion KRW, turning to a profit compared to the previous year.
Sales revenue increased by 265.4% year-on-year to 496.3 billion KRW. Net profit for the period rose by 565.8% to 161.8 billion KRW.
Bithumb cited the overall recovery of the virtual asset market and improved investor sentiment as the main factors for the performance improvement. Additionally, it explained that it effectively absorbed the market growth trend through active self-promotion and enhanced user benefits.
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A Bithumb representative said, "2024 was a meaningful year in which the market recovery and Bithumb's proactive efforts came together to achieve significant results," adding, "This year, based on high convenience and accessibility through a partnership with KB Kookmin Bank, we will take a further leap forward with service innovation aligned with corporate investment approval and the second phase of virtual asset legislation."
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