Upbit Operator Dunamu Reports 300% Surge in Q3 Profitability
Summary:
Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit, reported a net income of $165 million in Q3 2025, marking a 300% increase year-over-year. The company’s consolidated revenue rose to $266 million, driven by a rebound in global digital asset markets and increased trading activity. Regulatory clarity in the U.S., including the passage of key crypto bills, boosted investor confidence. Dunamu is also set to be acquired by Naver Financial, further solidifying its position in the fintech and crypto sectors.
What This Means for You:
- Enhanced market confidence in crypto trading platforms, especially in regulated environments.
- Potential for increased institutional involvement in digital assets due to clearer U.S. crypto regulations.
- Opportunities for investors to explore high-performing crypto exchanges like Upbit for trading and investment.
- Future outlook: Expect further consolidation in the crypto industry as fintech giants like Naver expand their footprint.
Original Post:
Upbit operator Dunamu reported a surge in profitability for the third quarter of the year, posting 239 billion won ($165 million) in net income.
The figure marks an increase of more than 300% compared to the same period last year, which stood at $40 million, local news outlet Chosun Biz reported, citing regulatory filings with the Financial Supervisory Service.
The filing reportedly showed strong momentum across all key metrics. Consolidated revenue climbed to $266 million, up 35% from the previous quarter, while operating profit rose 54% to $162 million. Net income also jumped 145% quarter-over-quarter from $67 million.
The company attributed its improved performance to rising trading activity as global digital asset markets rebounded through 2024 and 2025.
Related: South Korea’s bank-first stablecoin approach lacks logic, says Kaia chair
Dunamu credits US crypto bills for boost
Dunamu said investor confidence received a boost following regulatory developments in the United States, including the passage of the Genius Act, the Clarity Act and the Anti-CBDC Bill. These measures, the company said, contributed to renewed institutional participation and steadier market conditions.
Dunamu has faced heightened reporting requirements since 2022, when it was added to the list of corporations subject to external audit due to having more than 500 shareholders.
Notably, several major crypto firms experienced a revenue increase last quarter. Bitcoin mining company TeraWulf and Singapore-based cloud Bitcoin miner BitFuFu doubled their third-quarter revenue from the previous year.
Related: South Korea ramps up crypto seizures, will target cold wallets
Naver Financial to acquire Dunamu
As Cointelegraph reported, Naver Financial, the fintech arm of South Korea’s largest internet company, is preparing to acquire Dunamu. Naver reportedly plans to bring Dunamu in as a subsidiary through a share swap, with board approvals expected soon.
Upbit Korea is the largest crypto exchange in South Korea in terms of trading volume and customer base, according to CoinMarketCap.
Magazine: 2026 is the year of pragmatic privacy in crypto — Canton, Zcash and more
Extra Information:
Genius Act Explained – Insights into how U.S. stablecoin regulation impacts the crypto market. Upbit Exchange Overview – Detailed statistics on Upbit’s trading volume and market position. Naver Financial Acquisition – Analysis of the acquisition and its implications for the fintech-crypto convergence.
People Also Ask About:
- What is Dunamu? – Dunamu operates Upbit, South Korea’s largest cryptocurrency exchange.
- How did Dunamu achieve a 300% profit increase? – Increased trading activity and U.S. regulatory clarity drove growth.
- What is the Genius Act? – A U.S. bill shaping stablecoin regulation and boosting crypto adoption.
- Who is acquiring Dunamu? – Naver Financial, the fintech arm of South Korea’s largest internet company.
- What is Upbit’s market position? – Upbit is the leading crypto exchange in South Korea by trading volume.
Expert Opinion:
Dunamu’s remarkable growth underscores the transformative impact of regulatory clarity on the crypto industry. The acquisition by Naver Financial highlights the growing convergence of fintech and digital assets, signaling a broader trend of traditional tech giants entering the crypto space. This development is a key indicator of institutional trust and market maturation.
Key Terms:
- Dunamu profitability Q3 2025
- Upbit crypto exchange South Korea
- Genius Act crypto regulation
- Naver Financial acquisition Dunamu
- Global digital asset market rebound
- U.S. crypto bills impact
- Institutional crypto trading growth
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