Korea's biggest crypto exchange holds digital coins worth W6.35 tril.
By Park Si-soo
South Korea's biggest crypto exchange Bithumb has revealed its cryptocurrency reserves.
In its first publicized audit report on Friday, the company said its crypto reserves at the end of 2017 were 6.3584 trillion won ($5.9186 billion), including 416 billion won-worth coins of its own. The figure was up nearly 220 times more than the previous year.
The data is available on
(search with holding company name 비티씨코리아닷컴)
The breakdown of cryptocurrencies deposited and their respective values were also announced: 597,727,574 Ripples (worth 1.6649 trillion won), 49,559 Bitcoins (worth 925.4 billion won), 584.004 Ethereums (worth 590.8 billion won), 9.761.686 Quantums (worth 707.5 billion won), 654.974 EOSs (worth 654.9 billion won) and 156.956 Bitcoin Cashes (worth 521.1 billion won).
Further information (Korean) is available at
Seven percent of the deposited cryptocurrencies (worth 415.9 billion won) were Bithumb's, while clients deposited the rest.
Bithumb's 2017 sales were 333.4 billion won, operating profit was 265.1 billion won and net profit was 534.8 billion won. It is unclear how net profit could be higher than sales, but experts say this was possible in last year's super bullish market.