One of South Korea’s largest cryptocurrency exchanges, Bithumb, has published its first audit report, detailing its financial performance as well as crypto reserves worth approximately $6 billion kept in 12 cryptocurrencies.
$6 Billion Worth of Coins
South Korea’s second largest cryptocurrency exchange Bithumb recently released its first public audit report.
Korean Exchange Bithumb Has Reserves Worth $6 Billion in 12 CryptocurrenciesThe exchange has 220 employees and 15 shareholders, the report details. It generated 333.42 billion won (~US$312 million) in operating revenue in 2017, a significant increase compared to the previous year of 4.32 billion won (~$4.1 million). Its net profit was 534.90 billion won (~$501 million) in 2017, up sharply from 2.51 billion won (~$2.4 million) in the previous year.