Bithumb Revenue Soars 35% Despite Profit Drop
Bithumb sees 35% revenue growth in H1 2025, but profit declines sharply due to rising costs.
- Bithumb’s revenue rose 35% YoY in H1 2025
- Operating profit fell by 5.7% compared to last year
- Net profit plunged 46.5% amid growing expenses
South Korea’s leading crypto exchange, Bithumb, has released its financial results for the first half of 2025. The report shows a strong increase in revenue but a significant drop in profits, pointing to the growing financial pressures in the industry.
Revenue Hits $239M Amid Growing Market Activity
Bithumb posted a revenue of KRW 329.164 billion (approx. $239 million) for H1 2025, marking a year-on-year (YoY) increase of nearly 35%. This growth highlights increased trading volumes and greater user activity on the platform, driven by renewed interest in the crypto market during the first half of the year.
The surge in Bithumb’s revenue aligns with broader market trends, where rising asset prices and higher transaction fees have helped exchanges boost their top-line figures.
Profitability Squeezed by Operational Costs
Despite this strong Bithumb revenue growth, the company’s operating profit fell by 5.7% YoY to KRW 90.124 billion. Even more concerning, net profit dropped significantly—down 46.5% to KRW 55.040 billion compared to the same period last year.
This suggests Bithumb is facing increased costs, whether due to compliance, infrastructure, or other operational expenses. The sharp decline in net profit also reflects the thinner margins crypto companies are seeing, despite market recovery.
What’s Next for Bithumb?
While Bithumb’s revenue numbers are impressive, the profit slump may raise red flags for investors and regulators alike. If the trend of rising costs continues, the exchange may need to reassess its spending strategy or diversify income streams beyond trading fees.
As competition intensifies in South Korea and globally, Bithumb’s ability to maintain profitability amid market shifts will be key to its long-term success.
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