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TechFlow reported that South Korean cryptocurrency exchange Bithumb recorded an operating profit of 16.2 billion KRW (approximately 12.11 million USD) in the first quarter of 2023, down 80% year-on-year; sales reached 50.7 billion KRW (approximately 37.886 million USD), down 60% year-on-year; net profit reached 40.6 billion KRW (approximately 30.34 million USD), boosted by rising crypto asset prices.
Bithumb, a South Korean cryptocurrency exchange, reported an operating profit of 16.2 billion KRW (approximately 12.11 million USD) in the first quarter of 2023, down 80% year-on-year; sales reached 50.7 billion KRW (approximately 37.886 million USD), down 60% year-on-year; net profit reached 40.6 billion KRW (approximately 30.34 million USD) due to the rise in cryptocurrency asset prices.
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