Upbit Operator Dunamu Achieves Record Profit Surge of Over 300%

Dunamu, the operator of Upbit, a prominent cryptocurrency exchange based in South Korea, announced impressive profitability for the third quarter. The company reported a net income of $165 million, representing an astonishing 300% year-over-year increase. This surge was fueled by substantial growth across all key metrics, including a 35% rise in consolidated revenue and a 54% jump in operating profit to $162 million. According to regulatory filings with the Financial Supervisory Service, this performance is attributed to a rebounding digital asset market that saw increased trading activity driven by global market forces.