Crypto exchange Bithumb posts $89M operating profit in 2024 turnaround

South Korean crypto exchange Bithumb turned profitable last year, according to News1. Financial Supervisory Service data shows Bithumb recorded an operating income of 130.7 billion won ($89 million) last year, compared to an operating loss of 14.8 billion won ($10 million) in 2023. Meanwhile, the platform's net income reached 161.8 billion won ($110.2 million), representing a 565.8% increase from the previous year.