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Bumble is in advanced talks to go private in a deal worth about $1 billion, Reuters reported on Monday, October 12, 2026. Ithaca Holdings is the prospective buyer. The talks come as Bumble tries to win back users with AI. Neither company has confirmed a deal. Both declined to comment. Still, Bumble shares surged roughly 50% to $3.80 that Monday, their biggest one-day percentage gain on record. A $1 billion price tag for a $14 billion debut Founded by Whitney Wolfe Herd in 2014, Bumble went public in 2021 at a valuation of about $14 billion. Five years later, the proposed price tells a very different story. Paolo Pescatore, an analyst for PP Foresight, said the potential agreement is proof of Bumble’s difficulties, adding that: Going private looks less like a strategic masterstroke and more like an admission that Bumble’s current strategy is failing. The numbers a buyer would inherit Bumble’s Q2 results indicate the reasons for the investors’ concerns. Its revenue declined by 15.2% year-over-year to $210.5 million. The number of paying users also dropped by 16.4% to 3.2 million. Bumble reported a net loss of $127.9 million of which $169.3 million were impairment charges, even though the adjusted EBITDA represented $72.9 million. The slide started earlier. In 2025, the company registered a near 10% drop in revenue that amounted to approximately $966 million, while its paying user base declined by more than 11% to approximately 3.7 million. Bumble Revenue and Paying Users Decline in 2025 and Q2 2026 Industry fatigue, or a Bumble problem Bumble’s competitor, Match Group, appears to be doing better as revenue fell only 1% to $853 million in the second quarter. Meanwhile, net income increased by 36% to $171 million. Tinder also showed signs of improvement. Daily active users dropped by only 4% year-on-year, which was the smallest decline in the last 10 quarters. Hinge’s revenue has increased by 22%. Match aims to bring Hinge’s annual revenue to $1 billion by 2027. Dating-app fatigue remains a challenge. But Match’s results suggest Bumble’s issues range beyond just the users getting bored with swiping. Bumble vs Match Group Q2 2026: Revenue, Profit and User Trends Can AI pull users back, or push them away Bumble hopes its AI-led Bumble 2.0 can change that. The redesign brings richer, chapter-style profiles and the possibility of swipe-free dating. Its March unveiling helped send shares up more than 40%. Wolfe Herd had earlier floated AI dating concierges, as Cryptopolitan reported. Whether users want that help is less clear. A peer-reviewed study suggests confidence in algorithms can encourage AI dating adoption. Yet an SSRN working paper reported 54% fewer usage minutes and 62% fewer app openings among the AI adopters studied. Those findings do not represent all daters. At the same time, less expensive AI will make companion chatbots more attractive than dating apps. However, the use of these chatbots raises privacy and security issues, as noted by the Congressional Research Service. The opportunity remains substantial: Grand View Research estimates a $10.7 billion global dating-app market in 2026, reaching $17.9 billion by 2033. The challenge is converting AI features into users who stay, pay, and trust the platform Micah Abiodun | usagoldmines.com
October 13, 2026

Bithumb Exchange Uncovers $200M in Dormant Crypto Across 2.6 Million Inactive Accounts Debashree Patra | usagoldmines.com

Bithumb Exchange

The post Bithumb Exchange Uncovers $200M in Dormant Crypto Across 2.6 Million Inactive Accounts appeared first on Coinpedia Fintech News

South Korea’s largest crypto exchange, Bithumb, has revealed that more than $200 million worth of customer crypto has been sitting untouched across millions of inactive accounts. This finding offers a clear look at how much early retail money remains idle on centralized exchanges, even after many crypto market cycles.

The data comes from a dormant account recovery campaign aimed at users who had not logged in or traded for more than a year. Bithumb identified around 291.6 billion Korean won (about $201.8 million) spread across nearly 2.6 million inactive accounts.

Dormant Crypto Accounts Show Early Adoption Trends

Many of these inactive accounts date back to the early days of crypto adoption. According to Bithumb, the longest dormant account had not been accessed for nearly 4,380 days, close to 12 years. The largest single inactive balance was worth around $2.84 million.

This suggests that many early retail investors entered the crypto market, made small or experimental investments, and then stopped paying attention. Some may have lost interest during market crashes, while others may have simply forgotten about their holdings as the industry evolved.

Centralized exchanges like Bithumb now act as long-term records of early crypto activity, holding assets from users who exited long before institutional investors entered the space.

Forgotten Crypto Assets Outperformed Bitcoin

One of the most surprising findings is the performance of some inactive assets. Bithumb reported that certain dormant tokens recorded gains of more than 61,000% over time.

For comparison, Bitcoin was trading near $767 in early 2014 and has since increased by roughly 114 times. Some lesser-known tokens held in these inactive accounts delivered even higher returns simply because they were bought early and never sold.

This shows a unique aspect of crypto investing: long-term inactivity combined with early exposure can sometimes lead to very large gains, even when investors are unaware of it.

Inactive Crypto Funds Could Impact the Market

Bithumb has started reaching out to affected users to help them recover access to their accounts. The exchange has run similar campaigns in the past, recovering about $50 million in dormant assets during an earlier effort.

This time, the amount is much larger, reflecting both the growth of the crypto market and Bithumb’s long operating history.

Dormant crypto balances also have wider market implications. These unused funds represent potential liquidity that could return to the market in future cycles. Even a small portion becoming active again could affect prices, especially for tokens with lower trading volumes.

Questions Around Exchange Custody and User Awareness

The discovery raises broader questions about how exchanges manage inactive accounts and how well users track their digital assets over time. As the crypto industry matures, long-term custody, account recovery, and user communication are becoming more important topics.

Bithumb’s findings highlight how much hidden value still exists on centralized exchanges—and how early retail participation continues to shape today’s crypto market.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

What are dormant crypto accounts on exchanges like Bithumb?

Dormant crypto accounts are user accounts with no login or trading activity for over a year, but still holding cryptocurrencies on the exchange.

How much crypto is locked in inactive Bithumb accounts?

Bithumb found about $200 million worth of crypto spread across nearly 2.6 million inactive accounts during its dormant account review.

Can dormant crypto funds affect the market if reactivated?

Yes. If recovered funds re-enter trading, they could add liquidity and impact prices, especially for smaller or low-volume crypto tokens.

 The post Bithumb Exchange Uncovers $200M in Dormant Crypto Across 2.6 Million Inactive Accounts appeared first on Coinpedia Fintech News
South Korea’s largest crypto exchange, Bithumb, has revealed that more than $200 million worth of customer crypto has been sitting untouched across millions of inactive accounts. This finding offers a clear look at how much early retail money remains idle on centralized exchanges, even after many crypto market cycles. The data comes from a dormant … 

This articles is written by : Nermeen Nabil Khear Abdelmalak

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Bumble is in advanced talks to go private in a deal worth about $1 billion, Reuters reported on Monday, October 12, 2026. Ithaca Holdings is the prospective buyer. The talks come as Bumble tries to win back users with AI. Neither company has confirmed a deal. Both declined to comment. Still, Bumble shares surged roughly 50% to $3.80 that Monday, their biggest one-day percentage gain on record. A $1 billion price tag for a $14 billion debut Founded by Whitney Wolfe Herd in 2014, Bumble went public in 2021 at a valuation of about $14 billion. Five years later, the proposed price tells a very different story. Paolo Pescatore, an analyst for PP Foresight, said the potential agreement is proof of Bumble’s difficulties, adding that: Going private looks less like a strategic masterstroke and more like an admission that Bumble’s current strategy is failing. The numbers a buyer would inherit Bumble’s Q2 results indicate the reasons for the investors’ concerns. Its revenue declined by 15.2% year-over-year to $210.5 million. The number of paying users also dropped by 16.4% to 3.2 million. Bumble reported a net loss of $127.9 million of which $169.3 million were impairment charges, even though the adjusted EBITDA represented $72.9 million. The slide started earlier. In 2025, the company registered a near 10% drop in revenue that amounted to approximately $966 million, while its paying user base declined by more than 11% to approximately 3.7 million. Bumble Revenue and Paying Users Decline in 2025 and Q2 2026 Industry fatigue, or a Bumble problem Bumble’s competitor, Match Group, appears to be doing better as revenue fell only 1% to $853 million in the second quarter. Meanwhile, net income increased by 36% to $171 million. Tinder also showed signs of improvement. Daily active users dropped by only 4% year-on-year, which was the smallest decline in the last 10 quarters. Hinge’s revenue has increased by 22%. Match aims to bring Hinge’s annual revenue to $1 billion by 2027. Dating-app fatigue remains a challenge. But Match’s results suggest Bumble’s issues range beyond just the users getting bored with swiping. Bumble vs Match Group Q2 2026: Revenue, Profit and User Trends Can AI pull users back, or push them away Bumble hopes its AI-led Bumble 2.0 can change that. The redesign brings richer, chapter-style profiles and the possibility of swipe-free dating. Its March unveiling helped send shares up more than 40%. Wolfe Herd had earlier floated AI dating concierges, as Cryptopolitan reported. Whether users want that help is less clear. A peer-reviewed study suggests confidence in algorithms can encourage AI dating adoption. Yet an SSRN working paper reported 54% fewer usage minutes and 62% fewer app openings among the AI adopters studied. Those findings do not represent all daters. At the same time, less expensive AI will make companion chatbots more attractive than dating apps. However, the use of these chatbots raises privacy and security issues, as noted by the Congressional Research Service. The opportunity remains substantial: Grand View Research estimates a $10.7 billion global dating-app market in 2026, reaching $17.9 billion by 2033. The challenge is converting AI features into users who stay, pay, and trust the platform Micah Abiodun | usagoldmines.com