Bithumb Korea’s operating loss in the second quarter was 3.442 billion won, and sales fell 60% year-on-year

Odaily Planet Daily News Bithumb Korea, the operating company of the virtual asset exchange Bithumb, had an operating loss of 3.442 billion won in the second quarter, which turned into a loss compared with the operating profit of 38.42 billion won in the same period last year. Sales in the second quarter fell 60% year-on-year to 31.993 billion won. However, the net loss in the second quarter was 8.583 billion won, down from 43.3 billion won a year earlier. Bithumb’s poor performance in the second quarter was due to sluggish commission income due to a decline in virtual asset trading volume. Bithumb is currently launching fee-free activities for 30 virtual assets, including Solana (SOL), Ethereum Classic (ETC), The Sandbox (SAND) and more. Bithumb said it aims to ensure liquidity by lowering investment entry barriers for investors and increasing new capital inflows. (Decenter)