Bithumb pays out $7.2M in bonuses on strong earnings

South Korean crypto exchange Bithumb has paid performance bonuses totaling up to 10 billion won ($7.2 million) to its employees for the first time in years, driven by strong financial results, Aju Business Daily reported exclusively. The payout marks the company's first official performance-based bonus distribution of the 2020s. The outlet attributed the bonus to the company's performance, noting that Bithumb's operating profit last year reached 163.5 billion won, a 22% increase from the prior year. This stands in contrast to major competitors like Dunamu, whose operating profits declined amid a broader downturn in the cryptocurrency market, the report added.