Upbit Operator Dunamu Posts $1.03B 2025 Revenue, Down 10% YoY
Dunamu, the operator of Upbit—South Korea's second-largest cryptocurrency exchange—reported 2025 revenue of KRW 1.56 trillion ($1.03B), a 10% decline from the prior year as crypto trading volumes cooled from 2024 peaks. Operating profit slid 26.7% to KRW 869.2B, while net profit fell 27.9% to KRW 708.9B. The company attributed the drop to broadly weaker trading activity. Despite softer conditions, Dunamu still generated more than $1B in annual revenue.