Bithumb financial investigation report: sales in 2018 increased by 17.5% year-on-year, net loss reached 205.4 billion won

According to the Korean media Newsis news, on April 11, the Korean cryptocurrency exchange Bithumb announced the financial investigation report. According to the report, compared with 2017, Bithumb's sales increased by 58.3 billion won (17.5%) to 391.7 billion won in 2018; operating profit increased by 9 billion won (3%), reaching 256.1 billion won. . However, the non-operating expenses increased sharply, up by 9214% year-on-year to 381.9 billion won, and operating expenses increased by 98% year-on-year to reach 135.6 billion won. This resulted in a net loss of 205.4 billion won in the current period. According to the person in charge of Bithumb, the increase in operating expenses was mainly due to the company's external expansion and infrastructure expansion. The report also pointed out that Bitumum's trading reserve has been stored in the special account of the Korea Agricultural Cooperative Bank since the middle of October last year.