Bithumb posts $15.7M Q2 loss as revenue falls 36%

Bithumb has reported a 21.8 billion won, or about $15.7 million, net loss for the second quarter of 2026 as revenue fell 35.8% from a year earlier. Summary Bithumb’s second-quarter revenue fell 35.8% to 86.3 billion won. The exchange swung from a 22 billion won profit to a 21.8 billion won loss. First-half revenue dropped 48.7%, while the net loss reached 108.7 billion won. Lower Korean crypto trading activity has reduced fee income across the domestic market. According to Yonhap News Agency, Bithumb moved into the red during the three months through June after recording a 22 billion won net profit in the same quarter of 2025. Bithumb’s quarterly loss has narrowed from Q1 Although the company’s latest result represented a year-on-year reversal, the second-quarter loss was smaller than the 86.9 billion won deficit reported during the first three months of 2026. The figures show Bithumb remained profitable at the operating level even as asset-related losses pulled its final result below zero. Quarterly revenue reached 86.3 billion won, compared with about 134.4 billion won a year earlier. Operating profit fell 44% over the same period to 12.1 billion won, down from roughly 21.6 billi...