Dunamu, which operates the virtual asset exchange Upbit, said on the 14th that it posted a net profit of 239 billion won in the third quarter of this year. That is more than four times the third quarter of last year (58.6 billion won).
According to the Financial Supervisory Service's electronic disclosure system on the 14th, Dunamu's third-quarter revenue (sales) on a consolidation basis was 385.9 billion won, up 35% from the previous quarter (285.7 billion won). Operating profit was 235.3 billion won, up 54% from the second quarter (152.8 billion won). Net profit also rose 145% from the previous quarter (97.6 billion won) to 239 billion won.
The main drivers of the improved results appear to be an expansion in transaction volume as the global digital asset market recovered, and higher credibility due to institutional and regulatory improvements, including the U.S. passage in the House of the "digital asset three bills" (Genius Act, Clarity Act, anti-CBDC bill).
Dunamu has been required to disclose annual, quarterly, and semiannual reports since 2022 after being classified as a company subject to external audit with 500 or more owners per class of securities.