Bithumb's Q3 operating profit is approximately 5.26 million USD, with revenue increasing by 112.7% year-on-year

ChainCatcher news, the virtual asset exchange Bithumb announced that its operating profit for the third quarter of 2024 was 7.4 billion won (5.26 million USD), turning around from an operating loss of 650 million won in the same period last year. Revenue was 68.9 billion won (49.01 million USD), an increase of 112.7% year-on-year. The net profit for the period was 3.1 billion won, reversing from a net loss of 10.6 billion won in the same period last year.

A Bithumb representative stated: "With the overall increase in attention to virtual assets, investor sentiment has recovered, and the number of virtual asset trading users has also increased, leading to improved performance."