💸 Upbit is South Korea's only top crypto exchange to record profit in 2018 at $120 million
According to CoindeskKorea, a crypto publication operated by mainstream media outlet Hankyoreh, Upbit recorded a profit of over $120 million in 2018 and an operating profit of $253 million. The official audit report of Upbit published on the website of South Korea's Financial Supervisory Service showed that Upbit saw a 33 percent increase in profit in 2018. Meanwhile, Bithumb, Coinone, and Korbit, three of the four top crypto exchanges in South Korea apart from Upbit, respectively recorded a net loss of $175 million, $5 million, and $40 million.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.