Bithumb Recovers in 2024: Net Profit Skyrockets 565% on Market Recovery

South Korean cryptocurrency exchange Bithumb achieved a remarkable turnaround in financial performance during 2024, experiencing a dramatic surge in profitability. Revenue nearly tripled year-over-year, reaching 496.3 billion won, according to data from the Financial Supervisory Service’s electronic disclosure system. This robust growth was fueled by positive market trends and improved investor sentiment, enabling Bithumb to reach an operating profit of 130.7 billion won (around $90.1 million), a significant departure from losses incurred in 2023.