Upbit operator Dunamu reported a surge in profitability for the third quarter of the year, posting 239 billion won ($165 million) in gain profits.
The resolve marks an expand of extra than 300% when compared to the identical interval supreme year, which stood at $40 million, native records outlet Chosun Biz reported, citing regulatory filings with the Financial Supervisory Service.
The submitting reportedly showed stable momentum during all key metrics. Consolidated income climbed to $266 million, up 35% from the previous quarter, whereas working profit rose 54% to $162 million. Accept profits also jumped 145% quarter-over-quarter from $67 million.
The corporate attributed its improved efficiency to rising shopping and selling tell as world digital asset markets rebounded thru 2024 and 2025.
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Dunamu credit US crypto bills for boost
Dunamu stated investor self belief got a diagram shut following regulatory dispositions within the United States, alongside with the passage of the Genius Act, the Clarity Act and the Anti-CBDC Invoice. These measures, the corporate stated, contributed to renewed institutional participation and steadier market cases.
Dunamu has faced heightened reporting requirements since 2022, when it was once added to the list of firms arena to external audit due to having extra than 500 shareholders.
Notably, several principal crypto firms skilled a income expand supreme quarter. Bitcoin mining company TeraWulf and Singapore-essentially essentially based cloud Bitcoin miner BitFuFu doubled their third-quarter income from the previous year.
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Naver Financial to impact Dunamu
As Cointelegraph reported, Naver Financial, the fintech arm of South Korea’s most attention-grabbing internet company, is on the purpose of impact Dunamu. Naver reportedly plans to elevate Dunamu in as a subsidiary thru a fragment swap, with board approvals anticipated rapidly.
Upbit Korea is the most attention-grabbing crypto alternate in South Korea in phrases of shopping and selling volume and buyer shuffle, in accordance to CoinMarketCap.
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