PiCK
'Upbit' Dunamu's Revenue Surpassed 1.7 Trillion Last Year... Operating Profit Exceeded 1 Trillion
Summary
- It was reported that Dunamu's revenue last year was 1.7316 trillion won, an increase of 70% compared to the previous year.
- The operating profit was 1.1863 trillion won, a sharp increase of 85.1% compared to the previous year.
- It was reported that the increase in Bitcoin investors is believed to have influenced the improvement in performance.
The operating profit of Dunamu, the operator of the domestic virtual asset exchange Upbit, surpassed 1 trillion won last year.
According to the Financial Supervisory Service's electronic disclosure system on the 27th, Dunamu's revenue last year was tallied at 1.7316 trillion won. This is an increase of about 70% compared to the previous year (1.0154 trillion won).
Last year's operating profit was 1.1863 trillion won, a sharp increase of 85.1% from the previous year (640.9 billion won). This is the first time Dunamu's operating profit has surpassed 1 trillion won. During the same period, net profit increased by about 22% from 805 billion won to 983.8 billion won.
It is analyzed that the improvement in Dunamu's performance was influenced by the improvement in Bitcoin investment sentiment. The industry believes that the approval of the Bitcoin spot Exchange Traded Fund (ETF) in the United States last year and the expectation of pro-virtual asset policies from the Trump administration's second term have led to a significant increase in Bitcoin investors.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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