Bithumb announces revenue in the first half of the year

Korea Crypto Currency Exchange Bithumb first-half net profit of 393.4 billion won (about 3500 million dollars), although the company 6 performance in January poor.

According to local news agency Yonhap, video equipment maker Vidente revealed the company’s financial data to the South Korean financial regulator on Thursday, which owns 10.55 percent of Bithumb and 10 percent of its holding company.

According to reports, Bithumb in 2018 revenue in the first six months totaled 2.7 billion dollars, operating profit of1.94 billion dollars.

Although the data for the same period last year has not been announced, Yonhap said that in  2017 alone, Bithumb ‘s net profit reached 380 million US dollars.

So far, this is a tough summer for Bithumb. The platform suffered severe damage in June, with approximately $ 31million in cryptocurrencies being stolen – although it was later allegedly recovered $ 14 million. It is unclear whether the incident affected the data for the first half of the year.

Data from CoinMarketCap shows that Bitnumb was once the world’s largest cryptocurrency exchange, but this year has fallen sharply.

For example, 1 Yue 2 Ri, Bithumb is the world’s third-largest trading venues, 24- hour trading amounted to 25 billion dollars. It has now fallen to 19th place, with only about $ 71.7 million change in the past trading day.

In a similar message, with Upbit Exchange software developers Dunamu has just revealed its latest financial data. According to the report, Upbit in 2018 the first half of achieved 9700 million dollars of profit.

[su_quote]This article is writing on 23 Aug 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258[/su_quote]