Bitkub Online (BO), the owner of Bitkub Exchange, Thailand’s leading cryptocurrency platform, reported a 48% year-on-year decline in revenue last year as the crypto market plunged.
The total investments of its clients decreased 65% from a year earlier.
According to a financial statement released on the company’s website, BO reported a net profit of 341 million baht in 2022, down 86% from the previous year.
The total investment made by its customers tallied 30.5 billion baht, representing a drop of 65% from 87.2 billion baht the year before.
The company’s revenue last year was 2.85 billion baht, including 2.82 billion in fees and service revenues, a…
