Bithumb Reports a 48.7% Decline in Revenue in the First Half of the Year, with Net Losses Exceeding 70 Million US Dollars
2026-08-15 13:43:25
According to CoinMeta, Bithumb released its financial report for the second quarter of 2026, revealing that revenue for the first half of the year was 168.8 billion Korean won (approximately $109 million), a year-on-year decrease of 48.7%; operating profit was 14.9 billion Korean won (about $9.6 million), a year-on-year decline of 83.4%; and net loss was 108.7 billion Korean won (about $70.1 million). Bithumb reported revenue of 86.3 billion Korean won (about $55.7 million) in the second quarter, a year-on-year decrease of 35.8%, with operating profit at 12.1 billion Korean won (about $7.8 million), also a year-on-year decrease of 44.0%. Bithumb stated that the decline in performance was mainly due to the continued high-interest-rate policy in the United States, causing funds and attention from investors in South Korea and around the world to shift towards AI, semiconductor, and other stock markets, resulting in a decrease in activity in the virtual asset trading market.
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Source:Internet
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