Bithumb Q1 revenue drops 57.6% YoY

South Korean crypto exchange Bithumb posted 82.5 billion won ($61.1 million) in revenue for the first quarter, down 57.6% from the same period last year, according to a filing with South Korea's Financial Supervisory Service. Operating profit plunged 95.8% to 2.9 billion won ($2.1 million). The company also swung to a net loss of 86.9 billion won ($64.4 million).