Korea-based virtual asset exchange Bithumb continued to post a net loss in the second quarter after the first quarter of this year. The average compensation per person for three registered directors, including Bithumb CEO Lee Jae-won, was 2.08 billion won, about 1.7 billion won less than in the first half of last year.

Bithumb said on the 14th that it swung to a net loss of 21.8 billion won in the second quarter. Revenue fell 35.8% year over year to 86.3 billion won. Operating profit decreased 44% to 12.1 billion won.

A ticker at the Bithumb customer center in Gangnam-gu, Seoul, displays prices for Bitcoin and other virtual assets./Courtesy of News1

On a cumulative basis for the first half of this year, the company swung to a net loss of 108.7 billion won. Revenue was 168.8 billion won, down 48.7% from 329.2 billion won in the first quarter of last year. Operating profit decreased 83.4% to 14.9 billion won.

A Bithumb official said, "We will strengthen our fundamentals while responding to market changes and enhance service competitiveness to establish a foundation for sustainable growth."

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