Dunamu Reports Q3 Operating Profit of 83.9 Billion KRW, Down 47% from Previous Quarter

Dunamu, the operator of the virtual asset exchange Upbit, announced on the 14th that its operating profit for the third quarter of this year was 83.9 billion KRW.

This represents a 47.2% decrease compared to the operating profit of 159 billion KRW in the second quarter.

Consolidated revenue (operating income) for the third quarter was 189.3 billion KRW, down 26.3% from 257 billion KRW in the previous quarter.

Net profit for the third quarter was 58.6 billion KRW, a 55.3% decrease from 131.1 billion KRW in the previous quarter.

Dunamu explained, "The contraction of the virtual asset market due to the reduction of global liquidity led to a decrease in revenue and operating profit."