The South Korean cryptography store Bithumb has released a report detailing its financial situation. She claims that her cryptoservices make $ 6 billion in USD, in 12 cryptocurrency.
$ 6 billion in coins
The second largest cryptobus in South Korea, Bithumb, has recently released a public audit report describing the financial side of the company.
According to The Korea Times:
"Bithumb said his cryptoservices at the end of 2017 amounted to 6.3584 trillion won ($ 5.9186 billion), and he owns a crypt of 416 billion won. This reserve value is almost 220 times more than in the previous year. "
Author Note: Won - South Korean currency
The report accurately writes about the reserves in that cryptome. Those from clients are 49,559 BTC, 583,004 ETH, 54,383 DASH; 492,897 LTC; 5,560,189 ETC; 597,627,574 XRP; 156,956 BCH; 195,728 XMR; 94,261 ZEC; 9,761,686 QTUM; 993,839 BTG; and 63,087,428 EOS. Together, their value is 5.94 trillion won (about US $ 5.57 billion).
Accordingly Bithumb owns 3,228 BTC; 24,514 BCH; 65,421 ETH; 7,847 DASH; 100,437 LTC; 387,993 ETC; 40,834,963 XRP; 10,083 XMR; 2,473 ZEC; 324,029 QTUM; 10,590 BTG; and 553,181 EOS. This adds an additional $ 390 million to the total amount of clients. Rounding up and adding up will result in reserves of nearly $ 6 billion.
Bithumb is still growing
Until the arrival of the Upbit exchange office, Bithumb has been the largest cryptobus in South Korea for a long time. However, according to Coinmarketcap, these currency exchange offices, which vary from day to day, are very different. For example, Bithumbe has now changed to "only" for $ 468 million. By contrast, almost 4 times more cryptos ($ 1.715 billion) changed over the same time period for Upbite.
Despite lower daily trading volumes, Bithumb has been a successful year. Recently, this company released a P2P payment system based on social media. An alliance with Wincube might also be another success.
Bithumba's plans
The second largest South Korean cryptography store wants to give customers of restaurants and other canteens the option of paying in crypts. He also wants to get in touch with a travel agent and sell accommodation in about 5,000 hotels, also for crypts. In addition, in cooperation with the Korean payment service, Bithumb launches a service that enables customers to pay virtual vouchers in about 8,000 stone shops.
conclusion
Bithumbu's plans are definitely feasible to help cryptomas spread further among humans. It is also positive that Bithumb also has reserves to ensure the stability of the exchange office.
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