Bithumb H1 Revenue Falls 48.7% with $70M Net Loss

Bithumb reports H1 revenue of $109M, down 48.7% YoY, alongside a $70.1M net loss. Q2 revenue dropped 35.8%. Cites US rates and capital shift to stocks.

Woofun AI data shows that Bithumb reported first-half 2026 revenue of 168.8 billion won ($109M), a 48.7% year-on-year decline. The exchange recorded a net loss of 108.7 billion won ($70.1M) and operating profit of 14.9 billion won ($9.6M), down 83.4%. Second-quarter revenue fell 35.8% to 86.3 billion won ($55.7M). Management attributed the downturn to high US interest rates and investor capital migration toward AI and semiconductor equities.