Crypto exchange Upbit operator Dunamu posts 85% surge in operating profit
Dunamu, the operator of crypto exchange Upbit, posted an 85.1% increase in operating profit for 2024, fueled by Bitcoin’s halving and pro-crypto policies in the U.S.
Dunamu, the company behind South Korean crypto exchange Upbit, had a strong 2024, with revenue and profit rising sharply, as its latest earnings report suggests that improved investor sentiment and major crypto events may have played a role.
According to the company’s regulatory filing, its 2024 revenue reached KRW 1.7316 trillion (around $1.3 billion), up 70.5% from the previous year. Operating profit grew even more, surging 85.1% to KRW 1.1863 trillion, while net income rose 22.2%.
Dunamu sees a few possible reasons for the growth, saying that…
