Dunamu posts KRW 385.9 billion in Q3 revenue…up 35% QoQ

Dunamu, the operator of the digital asset exchange Upbit, said on the 14th that it significantly raised its third-quarter revenue and operating profit compared with the previous quarter.

Dunamu's consolidated revenue for the third quarter of this year was KRW 385.9 billion, up 35% from the previous quarter (KRW 285.7 billion). In the same period, operating profit and net income were KRW 235.3 billion and KRW 239.0 billion, respectively, increases of 54% and 145% compared with the previous quarter.

Dunamu said the improvement in results appears to have been driven by "the expansion of trading volume due to the recovery of the global digital asset market and enhanced credibility from institutional and regulatory adjustments, such as the U.S. House passage of the 'digital asset three bills' (the Genius Act · the Clarity Bill · the Anti-CBDC Bill)."

Founded in 2012, Dunamu provides various services including Upbit and Securities Plus. Dunamu was included among companies subject to external audit due to having more than 500 owners per security and has been required to disclose its business report and quarterly and semiannual reports since 2022.