Dunamu’s Q3 Revenue Surges Over 300% to $165M Amid Regulatory Readability

Upbit operator Dunamu reported a surge in profitability for the third quarter of the yr, posting 239 billion gained ($165 million) in web revenue.

The determine marks a rise of greater than 300% in comparison with the identical interval final yr, which stood at $40 million, native information outlet Chosun Biz reported, citing regulatory filings with the Monetary Supervisory Service.

The submitting reportedly confirmed robust momentum throughout all key metrics. Consolidated income climbed to $266 million, up 35% from the earlier quarter, whereas working revenue rose 54% to $162 million. Internet revenue additionally jumped 145% quarter-over-quarter from $67 million.

The corporate attributed its improved efficiency to rising buying and selling exercise as international digital asset markets rebounded by means of 2024 and 2025.

Associated: South Korea’s bank-first stablecoin strategy lacks logic, says Kaia chair

Dunamu credit US crypto payments for enhance

Dunamu mentioned investor confidence acquired a lift following regulatory developments in the US, together with the passage of the Genius Act, the Readability Act and the Anti-CBDC Invoice. These measures, the corporate mentioned, contributed to renewed institutional participation and steadier market situations.

Dunamu has confronted heightened reporting necessities since 2022, when it was added to the checklist of companies topic to exterior audit resulting from having greater than 500 shareholders.

Notably, a number of main crypto corporations skilled a income improve final quarter. Bitcoin mining firm TeraWulf and Singapore-based cloud Bitcoin miner BitFuFu doubled their third-quarter income from the earlier yr.

Associated: South Korea ramps up crypto seizures, will goal chilly wallets

Naver Monetary to accumulate Dunamu

As Cointelegraph reported, Naver Monetary, the fintech arm of South Korea’s largest web firm, is making ready to accumulate Dunamu. Naver reportedly plans to convey Dunamu in as a subsidiary by means of a share swap, with board approvals anticipated quickly.