Bithumb's H1 revenue plunges 48.7% as Korean crypto trading cools
- South Korean exchange Bithumb reported first-half revenue of 168.8 billion won, down 48.7% year over year.
- The company posted a net loss of 108.7 billion won for the first half.
- Second-quarter revenue fell 35.8% from a year earlier to 86.3 billion won.
- Bithumb attributed the decline to high U.S. interest rates drawing investor attention toward AI and semiconductor stocks and weakening virtual asset trading activity.
South Korean crypto exchange Bithumb said its first-half revenue fell to 168.8 billion won, nearly half of the level a year earlier, while it recorded a net loss of 108.7 billion won. The company also reported second-quarter revenue of 86.3 billion won, down 35.8% year over year.
Bithumb said the decline reflected weaker virtual asset trading, which it linked to elevated U.S. interest rates and a shift in investor attention toward AI and semiconductor stocks. The results point to tighter liquidity conditions in Korean crypto markets.
For markets, the report is negative for Korean crypto exchange sentiment and may be a mild negative for related digital asset trading activity more broadly. It does not, by itself, imply a direct effect on stocks, gold, or FX beyond the risk-off tone around crypto demand.
Bithumb上半年营收骤降48.7%，韩国加密交易降温加剧交易所困境
韩国加密货币交易所Bithumb表示，其上半年营收降至1688亿韩元，接近去年同期的一半，同时录得1087亿韩元净亏损。公司第二季度营收为863亿韩元，同比下降35.8%。
Bithumb称，业绩下滑反映出虚拟资产交易走弱，原因与美国维持高利率、投资者关注转向AI和半导体股票有关。相关结果显示，韩国加密市场的流动性环境正在收紧。
从市场影响看，这一消息对韩国加密交易所情绪偏利空，也可能对相关数字资产交易活跃度形成轻微利空。除加密市场需求走弱带来的风险偏好变化外，报道本身未显示其对股票、黄金或外汇有直接影响。