Upbit operator Dunamu reported a rise in profitability for the third quarter of the 12 months, posting a net profit of 239 billion won (US$165 million).
The figure represents a rise of greater than 300% in comparison with the identical period last 12 months, which amounted to $40 million, local news outlet Chosun Biz reported, citing regulatory filings with the Financial Supervision Service.
The filing reportedly showed strong momentum across all key metrics. Consolidated revenue increased 35% sequentially to $266 million, while operating profit increased 54% to $162 million. Net income also rose 145% from the previous quarter to $67 million.
The company attributed its improved performance to increasing trading activity as global digital asset markets recovered in 2024 and 2025.
Dunamu credits US crypto bills for the boost
Dunamu said investor confidence has been boosted by regulatory developments within the United States, including the passage of the Genius Act, the Clarity Act and the anti-CBDC law. These measures contributed to renewed institutional participation and more stable market conditions, in accordance with the corporate.
Since 2022, Dunamu has faced increased reporting requirements when it was added to the list of firms subject to external audit on account of its greater than 500 shareholders.
Notably, several major crypto firms reported a rise in revenue within the last quarter. Bitcoin mining company TeraWulf and Singapore-based cloud Bitcoin miner BitFuFu doubled their third-quarter revenue year-on-year.
Naver Financial acquires Dunamu
As Cointelegraph reported, Naver Financial, the fintech arm of South Korea's largest web company, is preparing to accumulate Dunamu. Naver reportedly plans to include Dunamu as a subsidiary through a share swap, with board approval expected soon.
According to CoinMarketCap, Upbit Korea is the biggest crypto exchange in South Korea when it comes to trading volume and customer base.
