Dunamu's First-Half Operating Profit Plummets 80% Amid Market Downturn

Dunamu, the company behind South Korea's leading virtual asset exchange Upbit, reported a significant decline in its financial performance for the first half of 2026. Operating profit dropped by approximately 80% compared to the same period last year, with revenue falling by nearly half.

The company's official filing on August 14 revealed that revenue stood at 408.1 billion won and operating profit at 111.5 billion won for the first half of the year. This sharp decrease is largely attributed to the overall downturn in the global digital asset market, leading to reduced investment sentiment and trading volumes.

Dunamu stated that the slump in its performance reflects the broader market conditions, characterized by a contraction in liquidity and a subsequent cooling of investor enthusiasm. The company aims to mitigate these effects and expand its customer base and revenue sources through various initiatives.

One such initiative is the 'Upbit Staking' service, which allows users to deposit their digital assets for blockchain validation and earn rewards. Dunamu plans to leverage such services to broaden its customer reach and diversify its revenue streams, despite the challenging market environment.