Bithumb achieves strong Q3 operating profit despite market downturn

Bithumb achieves strong Q3 operating profit despite market downturn

Bithumb Reports Solid Q3 Operating Profit Amidst Market Challenges Seoul, South Korea - Bithumb, one of the leading cryptocurrency exchanges in the world, has announced its financial results for the third quarter of 2022. According to Digital Today, Bithumb recorded consolidated sales of 104.7 billion won and an operating profit of 32.3 billion won in the second quarter of this year. For the first half of the year, the company recorded sales of 242.9 billion won and an operating profit of 94.9 billion won, an increase of 193.6% in sales and 639.2% in operating profit compared to the same period last year. Despite the challenging market conditions in the second quarter, Bithumb was able to maintain a stable market share and achieve improved performance compared to the same period last year. The company attributed this to its focus on providing a secure and reliable platform for its customers. "Although the first-half performance improved, the growth rate slowed down somewhat in the second quarter," Bithumb explained. "Despite the worsening market conditions compared to the previous quarter, Bithumb was able to maintain a stable market share and achieve improved performance compared to the same period last year." Bithumb's strong financial performance in the face of market turbulence highlights the company's resilience and its commitment to providing its customers with a trusted and innovative platform.