Upbit Operator Dunamu Q2 Operating Profit Plunges 73% to 23.5 Billion Won

Dunamu reports Q2 operating profit of 23.5 billion won, a 73% drop from Q1, as global crypto liquidity contraction dampens investor sentiment and reduces trading activity.

Woofun AI reports that Dunamu, the operator of Upbit, disclosed in its semi-annual filing that second-quarter revenue reached 173.5 billion won, while operating profit stood at 23.5 billion won. These figures reflect declines of approximately 26% and 73%, respectively, compared to the first quarter, when revenue was 234.6 billion won and operating profit was 88 billion won. The company attributed the performance dip to a broad contraction in global digital asset market liquidity, which weakened investor sentiment.