Bithumb Exchange Reports 35% Revenue Growth in H1 2025 Amid Crypto Market Resurgence

Bithumb, South Korea's top cryptocurrency exchange, announced a 35% revenue increase to 329.16 billion won ($246 million) for the first half of 2025. This growth was driven by renewed crypto market activity, including Bitcoin's historic rally to $123,824 and the U.S. 'Genius Act' stablecoin legislation.

Operating profit fell 5.7% to 90.12 billion won, while net profit dropped 46.5% to 55.04 billion won. The exchange cited higher user incentives and cryptocurrency valuation losses for the profit decline. Market Optimism grew as investors anticipated potential Federal Reserve rate cuts, shifting capital toward risk assets.

Bithumb is preparing for a possible IPO by year-end, showing confidence in its turnaround strategy despite recent profit challenges. The exchange's performance reflects broader industry trends, with trading volumes rebounding across major platforms as institutional adoption accelerates.