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.
The 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.