Bithumb Reports Exploding Profits in 2017

[kreslik.news]

Bithumb, South Korea’s biggest cryptocurrency exchange, has reported that its profits rose by a factor of 171 in 2017, according to Coindesk Korea.

Bithumb handles around $200 million in daily trading volume. It is owned by BTCKorea, which is a public company traded at the Korea Exchange.

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According to the report published on the website of the country’s financial regulator, Bithumb generated ₩427.1 billion (approx. $399.7 million) in net profit last year. The equivalent figure for 2016 was ₩2.5 billion ($2.3 million). This is growth ... (read more)