Dunamu’s Q3 Profit Surges Over 300% to $165M Amid Regulatory Clarity

Operator Upbit Dunamu reported an increase in profitability for the third quarter of the year, posting 239 billion won ($165 million) in net income.

The figure marks an increase of more than 300% compared to the same period last year, which was $40 million, local press Chosun Biz. reportedciting regulatory filings with the Financial Supervision Service.

The deposit showed strong momentum in all key metrics. Consolidated revenue climbed to $266 million, up 35% from the previous quarter, while operating profit rose 54% to $162 million. Net income also jumped 145% quarter to quarter from $67 million.

The company attributed its improved performance to increased trading activity as global digital asset markets rebounded through 2024 and 2025.

Related: South Korea’s first bank’s stablecoin approach lacks logic, says Kaia chair

Dunamu credits US crypto bills for boost

Dunamu said that investor confidence received a boost after regulatory developments in the United States, including the passage of the Genius act, the act of clarity and the Anti-CBDC Bill. These measures, the company said, will contribute to renewed institutional participation and more stable market conditions.

Dunamu has faced higher reporting requirements since 2022, when it was added to the list of corporations subject to external audit for having more than 500 shareholders.

In particular, several major crypto companies experienced an increase in revenue last quarter. Bitcoin mining company TeraWulf and based in Singapore cloud Bitcoin miner BitFuFu doubled its third-quarter revenue from the previous year.

Related: South Korea steps up crypto seizures, targets cold wallets

Naver Financial to acquire Dunamu

As Cointelegraph reported, Naver Financial, the fintech arm of South Korea’s largest Internet company, is is preparing to acquire Dunamu. Naver plans to bring Dunamu as a subsidiary through a share exchange, with board approval expected soon.