Bithumb turns losses into profits in 2024, with a year-on-year increase of 565.8% in net profit

According to News1, South Korean cryptocurrency exchange Bithumb achieved an operating profit of KRW 130.7 billion in 2024, successfully turning losses into profits, with a year-on-year increase in net profit of 565.8% to KRW 161.8 billion. In 2024, Bithumb's annual revenue reached KRW 496.3 billion, a year-on-year increase of 265.4%, a growth of more than three times. The main reason for the improvement in performance is the overall recovery of the cryptocurrency market and the increase in investor confidence, especially the positive impact of former US President Trump's election on investment sentiment.