Bithumb's cryptocurrency exchange announced the company's revenues
amounted to $ 6 billion in 2017, which is 171 times more than in 2016.
Representatives of Bithumb reported income for 2017. Back in March, it was
reported that the net profit of the company was $ 400 million. According to
Bithumb, the bulk of the income was derived from cryptocurrency savings.
In December 2017, Bithumb had only $ 6 billion in cryptocurrencies, in particular
$ 1 billion in BTC and $ 1.6 in XRP. However, these funds were in the investors’
circulation, the exchange itself owned a much smaller volume of cryptocurrency:
$ 55 million in Bitcoin;
$ 60 million in Ethereum;
$ 10 million in Dash;
$ 30 million in Litecoin;
$ 13 million in Ethereum Classic;
$ 100 million in Ripple;
$ 80 million in Bitcoin Cash;
$ 23 million in Qtum;
$ 10 million in EOS, Bitcoin Gold, Monero and Zcash.
These funds were received by the exchange from users as commissions.
This is not the first example, which shows us the ongoing trend in the growth of
the value of the cryptocurrency.
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