Largest South Korean Exchange Reports 171x Revenue Growth in 2017

Home / Largest South Korean Exchange Reports 171x Revenue Growth in 2017

Bithumb charges 0.15% of every order for the transaction fee. The trading volume of the exchange has rocketed in 2017, as a result of increased demand for cryptocurrencies, and Bithumb reported $420 net income or profit. In addition, the company spokesman said that they made a profit of $90 million outside of its main business model and its cryptocurrency trading platform as non-operating income. Year 2018 however, does not seem so prominent, as the year started with a big loss due to the fact that bitcoin fails to recover beyond the $19,000 mark.

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