Bithumb, '2-Month Disclosure' Alone... Finally Amends It Completely

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Bithumb has directly addressed the '2-month disclosure' controversy by fully disclosing its financial benefits for the past five years, reigniting the debate over disclosure standards among exchanges.

According to industry sources on the 30th, Bithumb retrospectively re-disclosed details of financial benefits provided from 2022 to March 2026 for the past five years through its website this afternoon. This action comes about 10 days after its previous disclosure.

Previously, the top five virtual asset exchanges in Korea disclosed details of financial benefits provided to users in accordance with the 'Code of Conduct for Advertising and Promotion Activities of Virtual Asset Business Operators' by the Digital Asset eXchange Alliance (DAXA). Upbit, Coinone, Korbit, and Gopax disclosed data for the same period from January 2022 to March of this year, while Bithumb only disclosed two months' worth of data from February to March, raising concerns about fairness.

Bithumb's stance at the time was that it only disclosed data from February, the point at which the obligation arose according to the supplementary provisions of the code of conduct. However, it later explained that it expanded the scope of disclosure and re-disclosed the information to ensure objectivity and consistency.

According to the disclosure, approximately 98% of the total amount was benefits provided in the form of transaction fee discounts and waivers, not cash payments. Bithumb emphasized that the benefits were applied equally to all users and that the focus was on strengthening transparency.

A Bithumb official stated, "We will continue to strictly adhere to disclosure standards to enhance market trust and ensure that all users can receive benefits without discrimination."

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