Bithumb Korea, which operates Bithumb, the cryptocurrency exchange, recorded USD 22.9M in operating profit in the first quarter of this year. This ended the start of excellence as it achieved more than 40% of the total operating profit last year in one quarter.
According to the Vidente quarterly earnings announcement on the 26th, Bithumb Korea recorded sales of USD 36.2M in the first quarter, USD 22.9M in operating profit, and USD 18.4M in net income.
Vidente is a major shareholder with 34.24% stake in Bithumb Holdings. It also has significant influence on Bithumb Korea, a subsidiary of Bithumb Holdings, so we released Bithumb Korea’s quarterly performance as summary financial information of related companies in this quarter’s performance.
This is the first time that Bithumb’s quarterly results have been released, so it is difficult to compare them directly with the same period of the previous year, but considering the overall performance of last year, it can be said that the first quarter of this year ended in a good start.
