Bithumb's first-quarter revenue and operating profit fell from a year earlier. It attributed the decline to global economic uncertainty and a slump in the digital asset market that weakened investor sentiment.

Bithumb said on May 15 that its 2026 first-quarter revenue fell 57.6 percent from a year earlier to 82.5 billion won from 194.7 billion won. Operating profit fell 95.8 percent over the same period to 2.9 billion won from 67.8 billion won.

Net profit swung to a loss. It posted a net loss of 86.9 billion won in the first quarter, compared with a profit of 33.0 billion won a year earlier.

The performance decline is seen as stemming from prolonged weakness in digital-asset investment sentiment due to external factors such as instability in the Middle East and upward pressure on interest rates. Lower trading value directly affected revenue and operating profit.

In addition, valuation losses on digital assets and costs related to regulatory administrative penalties were reflected as non-operating expenses, pushing net profit into the red.

A Bithumb official said, "We will strengthen our fundamentals and enhance service competitiveness in preparation for a market rebound."