Value of Coins Held on Upbit and Bithumb Plummets Amid Virtual Asset Market Downturn

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporter Park Soo-hyun = It has been found that the valuation of virtual assets held by Dunamu and Bithumb has shrunk by 30–40% since the beginning of this year.

ddaily.co.kr

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[Digital Daily Reporter Cho Yoon-jung] Dunamu and Bithumb, the two giants of the domestic virtual asset exchange industry, both received poor report cards for the first half of this year. This is due to a sharp decline in transaction fee revenue, their primary source of income, as virtual asset trading contracted. Both companies saw their revenue drop by nearly half over the past year, while operating profits plummeted by around 80%. This effec…