Big Gains for Upbit's Parent Company: What's Driving the Surge?

Dunamu, the company behind Upbit, has seen a huge jump in profits. In the third quarter, they made about $165 million. That's a lot more than last year, when they made just $40 million. This big increase shows that the company is doing much better now. What's helping Dunamu grow? A lot of things. For one, more people are trading digital assets. The market has been doing well, and that's good for business. Also, new rules in the U. S. have made investors feel more confident. Laws like the Genius Act and the Clarity Act have made the market more stable and attracted more big players. Dunamu isn't the only one doing well. Other crypto companies, like TeraWulf and BitFuFu, have also seen their revenues go up. This shows that the whole industry is growing. But Dunamu has to follow stricter rules now. Since 2022, they've had to go through external audits because they have so many shareholders. This means they have to be more careful with their reports and finances. There's more news: Naver Financial, a big name in South Korea, wants to buy Dunamu. They plan to make Dunamu a subsidiary through a share swap. This could be a big deal for both companies. Upbit is already the biggest crypto exchange in South Korea. With all these changes, it's clear that Dunamu is on the rise. But will this growth last? Only time will tell.