Bithumb achieved an operating profit close to 70 billion won in the first quarter of this year. This figure represents a nearly 10% growth compared to the same period last year.
According to the Financial Supervisory Service on the 15th, Bithumb's operating profit in the first quarter was 67.8 billion won, marking a 9.3% increase from 62.1 billion won in the same period last year. Revenue rose to 194.7 billion won, a 40.9% increase from 138.2 billion won last year. However, due to a correction in the virtual asset market, there were valuation losses in virtual assets, resulting in a net profit of 33 billion won, down 64.1% from 91.9 billion won in the same period last year.
Bithumb assessed that despite the stagnant market conditions influenced by the global tariff war, it maintained growth in both revenue and operating profit based on active new member inflow and enhancement of competitive strength in transactions.
A spokesperson for Bithumb noted, "The first-quarter performance demonstrates that efforts to enhance services and secure competitiveness in transactions can lead to tangible growth, even in a challenging market environment," adding, "We will drive market growth through differentiated investor protection and customer experience innovation, aligned with the opening of the corporate market."