South Korea-based cryptocurrency exchange Bithumb reported a notable revenue increase for the first half of 2025. Revenue reached KRW 329.164 billion (approximately $239 million), representing a year-on-year rise of nearly 35%. This growth is attributed to increased trading volumes and user activity spurred by market recovery in the first half of the year. However, Bithumb’s profitability took a hit, with operating profit falling by 5.7% YoY to KRW 90.124 billion. Net profit declined significantly – down 46.5% from last year – suggesting rising operational costs, potentially including compliance expenses or infrastructure investments. This decline in net profits reflects the broader trend of thinner margins within the cryptocurrency industry as companies navigate a challenging market landscape.