Dunamu Q2 Operating Profit Drops 73% to $16.63M Amid Market Slump

Upbit operator Dunamu reports Q2 operating profit fell 73% YoY to $16.63M, with revenue down 26%, citing reduced global digital asset liquidity and weak sentiment.

Woofun AI data shows that Dunamu, the entity behind South Korean exchange Upbit, published its semi-annual financial results. Second-quarter revenue reached approximately $123 million, while operating profit stood at around $16.63 million. These figures represent declines of roughly 26% and 73% respectively compared to the first quarter, which recorded revenue of about $166 million and operating profit of approximately $62.26 million. The company attributed the performance contraction to diminished liquidity across the global digital asset market and deteriorating investor sentiment.