South Korean virtual asset exchange Bithumb reported a net loss of 21.8 billion won in the second quarter of 2026, according to Yonhap News. The result marked a reversal from a net profit of 22 billion won a year earlier, though the loss narrowed from a net loss of 86.9 billion won in the previous quarter. Revenue for the quarter came in at 86.3 billion won, down 35.8% from the same period last year, while operating profit fell 44% year over year to 12.1 billion won. For the first half of 2026, Bithumb recorded a cumulative net loss of 108.7 billion won, compared with a net profit of 55 billion won in the same period last year. First-half revenue totaled 168.8 billion won, down 48.7%, and operating profit dropped 83.4% to 14.9 billion won. Bithumb said the figures reflected factors including losses from virtual asset valuation, and said it plans to respond to market changes, strengthen its internal capabilities, and improve service competitiveness to build a foundation for sustainable growth.
Bithumb, a South Korean virtual asset exchange, reported a net loss of 21.8 billion won in the second quarter of 2026, according to Yonhap News. The company had posted a net profit of 22 billion won in the same period last year, while its net loss in the previous quarter was 86.9 billion won.
Quarterly revenue and operating profit declined
Bithumb said revenue for the quarter reached 86.3 billion won, down 35.8% year over year. Operating profit came to 12.1 billion won, a 44% decline from a year earlier.
First-half results turned negative
For the first half of 2026, the exchange recorded a cumulative net loss of 108.7 billion won, compared with a net profit of 55 billion won in the same period last year. First-half revenue totaled 168.8 billion won, down 48.7% year over year, and operating profit was 14.9 billion won, down 83.4%.
Bithumb said the earnings reflected factors including losses from virtual asset valuation. The company also said it would respond to market changes, strengthen internal capabilities, and improve service competitiveness to build a foundation for sustainable growth.
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