Bithumb Can Buy Guam with Its Customers Funds, and Still Have Change Left
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Bithumb Can Buy Guam with Its Customers Funds, and Still Have Change Left
The Seoul-based operator of one of the largest Bitcoin exchanges in the world, Bithumb, revealed that it was holding $6 billion worth of cryptocurrencies on behalf of its customers as of the end of 2017.
Bithumb is a subsidiary of the publicly traded company BTC Korea.Com, and thus it is obliged to file its audited accounts to the Financial Services Commission (FSC).
Following the release of its annual financial statement, which showed that Bithumb’s revenue increased 171-fold compared to 2016, the exchange operator yesterday published a more detailed explanation of the firm’s balance sheet.
The report further details that the ... (read more)
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