According to Korean media news1, Bithumb's net profit last year was expected to be 161.8 billion won (about 110 million US dollars), a year-on-year increase of 565.8%. The exchange plans to go public in the second half of 2025, with the goal likely to be listing on the Nasdaq. Earlier, the parent company of South Korea's crypto exchange Upbit announced last week that its full-year operating profit for 2024 reached US$809 million, an increase of 85% year-on-year, with net profit of approximately US$671 million.
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