After Huge Losses, Bithumb Can Be Profitable Again

Representatives of Bithumb, South Korea’s largest cryptocurrency exchange, informed about their company's net profit for the previous year totaling $30.5 million.

The company added that they managed to return profitability after the cryptocurrency winter of 2018, then their net loss amounted to $170 million. The financial success of 2019 was not only due to the cryptocurrency market revival but also to the great efforts of employees aimed at expanding the client base, as well as staff restructuring.

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