Bithumb's second-quarter sales and operating profit fell from a year earlier due to a decline in trading value. Net profit and loss also turned to a loss, affected by factors including valuation losses on digital assets.

Bithumb said on Thursday it posted 86.3 billion won in revenue and 12.1 billion won in operating profit for the second quarter.

Revenue fell 35.8 percent from 134.4 billion won a year earlier. Operating profit also dropped 44.0 percent from 21.5 billion won. Net profit and loss swung to a 21.8 billion won net loss from 22.0 billion won a year earlier.

Results for the first half also declined. First-half revenue fell 48.7 percent to 168.8 billion won from 329.2 billion won a year earlier.

Operating profit over the period dropped 83.4 percent to 14.9 billion won from 90.1 billion won. As valuation losses on digital assets were additionally reflected, net profit and loss swung to a 108.7 billion won net loss from 55.0 billion won a year earlier.

Bithumb explained that the decline in digital asset trading value affected results as a hawkish U.S. rate stance persisted and interest from domestic and overseas investors shifted to the stock market, including AI and semiconductors.

Bithumb plans to differentiate its services and secure new markets in response to the market downturn. It will expand AI-based trading convenience and investment information services and also overhaul its regulatory compliance system in line with the Digital Asset Framework Act to be 마련ed within this year.

It also plans to move early to respond to the opening of the corporate digital asset market and to attract corporate members. It will continue to strengthen security and its user protection framework, including introducing post-quantum cryptography (PQC).

A Bithumb official said, "We will build substance while strengthening competitiveness to lay the foundation for growth."