bithumb

According to New1, Bithumb Holdings recently held a board meeting, and the actual controller Lee Jung-hoon's confidant Kim Gi-bum was appointed as the new CEO, while the former CEO Lee Jae-won stepped down to focus on the operation of the Bithumb trading platform itself.Kim Gi-bum was previously the head of external relations at Bithumb, responsible for overseeing external communications and compliance management.

According to official news, South Korea's second-largest cryptocurrency exchange Bithumb will launch Cluster Protocol (CP).

South Korean cryptocurrency exchange Bithumb announced the launch of its artificial intelligence service "Bithumb AI," which analyzes market trends through artificial intelligence and provides users with personalized information. The service includes four features: AI coin signals, AI coin analysis, AI market trends, and AI recommendations. Currently, its artificial intelligence service covers the top 200 cryptocurrencies by market capitalization in the Korean won market.

The total trading volume of the five major South Korean crypto CEXs (Upbit, Bithumb, Coinone, DigitalX, GOPAX) reached approximately 31.1 trillion won (about 23 billion USD) during the week from August 21 to 28, a staggering increase of 188.04% compared to the previous week's 10.8 trillion won, marking the highest level in nearly 10 months since late October 2025.In terms of exchange market share, Upbit maintained the first position with 59.61%, while Bithumb ranked second with 33.11%; the renamed DigitalX (formerly Korbit) saw a significant increase in market share from 3.477% to 4.21%, surpassing Coinone (3.05%) to rise to third place, achieving the highest market share for the platform in nearly 20 weeks.

According to Digital Asset, South Korean cryptocurrency exchange Bithumb won the first instance of a lawsuit regarding the "misissued Bitcoin" incident, with the court ruling that users who sold the misissued Bitcoin must return approximately 194 million won (about 145,000 USD).In February of this year, Bithumb faced a huge controversy after erroneously distributing 620,000 Bitcoins (worth about 5 billion USD at the time) as activity rewards. Subsequently, Bithumb initiated a recovery program and reported in March that 99% of the misissued Bitcoins had been recovered. This ruling is the first in four lawsuits filed against users who have not returned the funds, and the likelihood of Bithumb winning the subsequent three lawsuits has also increased. The basis for the court's ruling and whether the defendants will appeal have not yet been disclosed.

The Financial Supervisory Service of Korea submitted data to the National Assembly's Political Affairs Committee today, revealing that as of the end of July, the five major virtual asset exchanges in Korea have registered a total of 6,590 corporate accounts. Bithumb has the highest number of registered corporate accounts, reaching 3,280; the accounts under Upbit operator Dunamu total 2,086. The two major exchanges account for a total of 5,366 corporate accounts, making up 81.4% of the total. In addition, Korbit has 620, Coinone has 539, and Gopax has 65.

According to a report by the Korean News Agency, the Financial Supervisory Service of Korea submitted data to the National Assembly's Political Affairs Committee, revealing that as of the end of July, the five major virtual asset exchanges in Korea (Upbit, Bithumb, Coinone, Digital Asset Exchange, Gopax) have registered a total of 6,590 corporate accounts.In terms of the distribution of exchanges, Bithumb has the highest number of registered corporate accounts, reaching 3,280; the operator of Upbit, Dunamu, has 2,086 accounts. The two major exchanges account for a total of 5,366 corporate accounts, which is 81.4% of the total. Additionally, Korbit has 620, Coinone has 539, and Gopax has 65.In terms of compliance, there are a total of 711 corporate accounts that have completed customer identity verification (KYC), accounting for 10.8% of all corporate accounts. Among them, Upbit has the most with 290; Bithumb has 199, Korbit has 184, and Coinone and Gopax have 33 and 5, respectively. In terms of the scale of virtual asset holdings, Korean corporate accounts hold approximately 43.377 billion Korean won (about 31.2 million USD), with Upbit having the highest share, holding approximately 27.08 billion Korean won, accounting for 62.4% of the total; Bithumb holds about 6.29 billion Korean won, and Coinone holds about 5.15 billion Korean won. The deposit scale of corporate accounts is approximately 9.13 billion Korean won.

The Korean exchange Bithumb announced that it will add NEXO (NEXO) trading support in the Korean won (KRW) market, supporting only the Ethereum network, while other network deposits will not be supported. Deposits and withdrawals are expected to open within 2 hours after the announcement, with trading set to begin on August 21, 2026, at 13:00.To ensure a secure trading environment, temporary restrictions will be implemented during the initial launch: buying orders will be prohibited within 5 minutes after trading starts; within 5 minutes after the opening, selling order prices must not be lower than 10% of the benchmark price or higher than 100% of the benchmark price; only limit orders will be allowed for approximately 2 hours after the opening.

According to The Block, South Korea's two major cryptocurrency exchanges, Upbit and Bithumb, released their financial reports for the first half of 2026. Affected by the sluggish cryptocurrency market, both exchanges experienced a significant decline in revenue and profit.Upbit's parent company, Dunamu, reported a revenue of 408.1 billion won (approximately 289 million USD) in the first half of the year, a year-on-year decrease of 49.1%; operating profit was 111.5 billion won, a year-on-year decrease of 79.7%; and net profit was 108.4 billion won, a year-on-year decrease of 74.1%. Bithumb reported a revenue of 168.8 billion won in the first half of the year, a year-on-year decrease of 48.7%; operating profit was 14.9 billion won, a year-on-year decrease of 83.4%, and a net loss of 108.7 billion won, compared to a net profit of 55 billion won in the same period last year.During the reporting period, Bitcoin fell from about 90,000 USD to 60,000 USD, and Ethereum dropped from 3,000 USD to about 1,600 USD. The strong rise in the semiconductor sector of the domestic stock market in South Korea attracted a large amount of capital out of the cryptocurrency market. The total trading volume of the five licensed exchanges in the second quarter decreased by 49.5% year-on-year to 146.43 billion USD.Despite the pressure on performance, both exchanges are still advancing capital operations: Dunamu is conducting a share swap with Naver Financial and plans to go public on NASDAQ within five years after completion; Bithumb plans to improve its internal control system in 2026 and submit a pre-listing application in 2027, aiming to complete its IPO in 2028.

According to a report by the Korean News Agency, South Korean virtual asset exchange Bithumb disclosed a net loss of 21.8 billion won in the second quarter of 2026, turning from a net profit of 22 billion won in the same period last year to a loss, but narrowing from a net loss of 86.9 billion won in the previous quarter. Revenue for the quarter was 86.3 billion won, a year-on-year decrease of 35.8%; operating profit was 12.1 billion won, a year-on-year decrease of 44%.In the first half of the year, the total net loss was 108.7 billion won, turning from a net profit of 55 billion won in the same period last year to a loss; revenue for the first half was 168.8 billion won, a year-on-year decrease of 48.7%; operating profit was 14.9 billion won, a year-on-year decrease of 83.4%. Bithumb stated that the performance reflects factors such as virtual asset valuation losses and will respond to market changes, strengthen internal capabilities, and enhance service competitiveness to build a foundation for sustainable growth.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, Bithumb saw the largest decrease at 11.67%; Kraken had the largest increase at 1.24%.In terms of exchange asset transparency proof, in the past 7 days, the top three net outflows of reserve assets were Bitfinex (-$109 million), Deribit (-$40.7954 million), and OKX (-$14.5321 million); the top three net inflows were Binance (+$441 million), Gate (+$11.9 million), and Bitget (+$7.50389 million).

ChianCatcher news, South Korean cryptocurrency exchange Bithumb announced the addition of MetaDAO (META2) and Global Dollar (USDG) to the Korean won market.META2 supports the Solana network, while USDG supports the Ethereum network. Deposits and withdrawals will open within 2 hours after the announcement, and trading is expected to begin on August 4, 2026, at 16:00. Initial trading will implement measures such as buy and sell order limits.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, all of the top 10 exchanges by balance have achieved positive growth or remained flat, with Bithumb showing the largest increase at 2.42%.In terms of exchange asset transparency proof, the top three net outflows are Bybit (-$126 million), MEXC (-$15.4429 million), and Bitget (-$11.4947 million); in terms of net inflows, Binance saw the most inflow at $382 million, followed by Gate (+$255 million) and OKX (+$233 million).

The South Korean cryptocurrency exchange Bithumb has published an update on its IPO preparation progress. Bithumb stated that it is collaborating with leading domestic accounting firms to advance the construction of its risk management system, converting accounting standards from K-GAAP to internationally accepted K-IFRS, and strengthening internal compliance and internal control processes. The company is also restructuring its business by spinning off Bithumb Asset and clarifying the responsibilities and boundaries of each business segment; at the same time, it is promoting business model diversification and liquidity asset reserves to enhance financial stability.Bithumb claims it will maintain transparent operations by regularly disclosing financial status, operational matters, and cryptocurrency asset holdings, and will collaborate with large domestic and international securities firms, law firms, and accounting firms to assess corporate value and legal risks, as well as to formulate strategies for the pre-listing review.Regarding the timeline, Bithumb plans to complete the upgrade of its internal control system and K-IFRS conversion preparations by 2026, submit the pre-listing review and undergo audits in 2027, and complete the IPO in 2028, with specific timelines potentially adjusted based on market conditions and regulatory review progress.

The South Korean cryptocurrency exchange Bithumb will add Ripple USD (RLUSD) and Aeon (AEON) trading pairs in Korean Won today. The RLUSD trading pair will open at 4:30 PM today, supporting the XRP network, with a benchmark price of 1454 KRW; the AEON trading pair will open at 6:00 PM today, supporting the BNB Smart Chain, with a benchmark price of 133 KRW. The deposit and withdrawal for both tokens will open 2 hours and 3 hours after the announcement, respectively.To ensure a stable trading environment, Bithumb will restrict buy orders within 5 minutes after trading starts and set a price range limit of -10% to +100% for sell orders, while only limit orders will be supported for the first approximately 2 hours. Bithumb also reminds users that deposits and withdrawals are only supported between declared virtual asset operators.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, OKX had the largest increase at 1.86%; Bithumb had the largest decrease at 5.15%.In terms of exchange asset transparency proof, in the past 7 days, the top three net inflows of reserve assets were Gate (+$384 million), Binance (+$110 million), and MEXC (+$11.4139 million); the top three net outflows were OKX (-$152 million), Bybit (-$93.4699 million), and Bitget (-$89.3868 million).

According to BLOCKMEDIA, the South Korean police are investigating a case of political interference in the competition of the cryptocurrency market. A former assistant to independent lawmaker Kim Byung-ki is accused of pressuring the Financial Supervisory Service (FSS) in February last year to force Upbit to terminate its fee waiver activities for $USDC and $USDT, in order to alleviate the financial pressure on its competitor Bithumb, which was suffering due to a zero-fee promotion.The suspicion arises from the fact that the assistant obtained an informal advisory position at Bithumb months after the interference, while at the same time, the lawmaker's son was also hired by the exchange as an intern. Bithumb denies any knowledge of political interference and insists that the fee adjustments were independent business decisions.

According to the official announcement, the South Korean cryptocurrency exchange Bithumb will launch the ICNT token on the Korean won market, with trading expected to open at 17:00 local time.