According to Foresight News, according to News1, South Korean cryptocurrency exchange Bithumb Korea announced in its operating report that its annual revenue last year was 135.8 billion won, a year-on-year decrease of 58%, its operating loss was 14.9 billion won, and its net profit was 24.3 billion won, a year-on-year decrease of 75%, but it has achieved profitability for four consecutive years.
Bithumb explained that the main reason for the decline in sales last year was the decline in transaction volume due to the deterioration of operating conditions in the virtual asset market, and the company's implementation of a transaction fee-free policy in the fourth quarter of last year was also one of the reasons for the decline in revenue.
