ChainCatcher report, according to Korean media Decenter, Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit, has released its 2025 annual financial results, showing declines in both revenue and profit. According to consolidated financial statements, Dunamu’s 2025 revenue amounted to KRW 1.56 trillion, a 10.0% year-over-year decrease from KRW 1.73 trillion in the same period last year; operating profit was KRW 869.3 billion, down 26.7% from KRW 1.18 trillion last year; net profit stood at KRW 708.9 billion, a 27.9% decline from KRW 983.8 billion in the prior year. The report attributes the performance decline primarily to reduced trading volumes in the cryptocurrency market amid global economic downturn. Dunamu’s revenue structure remains highly concentrated in trading fees, which accounted for 98.26% of total revenue in 2025.
Dunamu's 2025 Revenue Falls 10% to 1.56 Trillion KRW Amid Market Downturn
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Summary
Dunamu, parent company of South Korea’s leading exchange Upbit, reported 2025 revenue of 1.56 trillion KRW, a 10.0% year-over-year decline. Operating profit fell 26.7% to 869.3 billion KRW, while net profit dropped 27.9% to 708.9 billion KRW. The slowdown in the cryptocurrency market resulted in reduced trading volumes, with transaction fees accounting for 98.26% of revenue. Traders are now shifting focus to altcoins in search of potential rebounds.
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