According to a report by Odaily Korean media outlet Decenter, Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange, released its 2025 annual results, showing a decline in both revenue and profit.
According to its consolidated financial statements, Dunamu's revenue in 2025 was 1.56 trillion won, a decrease of 10.0% year-on-year (compared to 1.73 trillion won in the same period of the previous year); operating profit was 869.3 billion won, a decrease of 26.7% year-on-year (compared to 1.18 trillion won in the same period of the previous year); and net profit was 708.9 billion won, a decrease of 27.9% year-on-year (compared to 983.8 billion won in the same period of the previous year).
The report states that the decline in performance was primarily due to the shrinking trading volume in the crypto asset market amid a global economic downturn. Dunamu's revenue structure is highly concentrated in transaction fees, which accounted for 98.26% of total revenue in 2025.
