Bithumb's net profit in 2024 is expected to reach 110 million USD

ChainCatcher news, according to South Korean media news1, Bithumb's net profit for last year is expected to be 161.8 billion won (approximately 110 million USD), a year-on-year increase of 565.8%. The exchange plans to go public in the second half of 2025, with a target possibly being a listing on NASDAQ.

Previously, the parent company of South Korean crypto exchange Upbit announced last week that its operating profit for the full year 2024 reached 809 million USD, a year-on-year increase of 85%, with a net profit of approximately 671 million USD.