Upbit operator Dunamu reported an increase in profitability for the third quarter of the year, recording 239 billion won ($165 million) in net income.
This figure represents an increase of more than 300% compared to the same period last year, which amounted to $40 million, local news agency Chosun Biz reported. I mentionedciting regulatory filings with the Financial Supervision Service.
The recording reportedly showed strong momentum across all key metrics. Consolidated revenues rose to $266 million, an increase of 35% from the previous quarter, while operating profits increased by 54% to $162 million. Net income also jumped 145% quarter-on-quarter from $67 million.
The company attributed the improvement in its performance to the increase in trading activity with the recovery of global digital asset markets during the years 2024 and 2025.
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Dunamo credits US cryptocurrency bills for the boost
Donamo said investor confidence received a boost following regulatory developments in the United States, including the passage of the GENIUS Act, the Clarity Act and the anti-Central Banking Cryptocurrency Bill. The company said that these measures contributed to renewing institutional participation and stabilizing market conditions.
Donamo has faced increased reporting requirements since 2022, when it was added to the list of companies subject to external audit due to having more than 500 shareholders.
It is worth noting that many major cryptocurrency companies saw an increase in revenue in the last quarter. Bitcoin mining company TeraWulf and Singapore-based bitcoin cloud mining company BitFuFu doubled their revenue in the third quarter from a year earlier.
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Naver Financial acquires Dunamu
Naver Financial, the fintech arm of South Korea’s largest internet company, is preparing to acquire Dunamu, Cointelegraph reported. Naver is reportedly planning to bring on Dunamu as a subsidiary through a stock swap, with board approvals expected soon.
Upbit Korea is the largest cryptocurrency exchange in South Korea in terms of trading volume and customer base, According to To Coin Market Cap.
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The post Dunamu’s Q3 Profit Surges Over 300% to $165M Amid Regulatory Clarity first appeared on Investorempires.com.
