Upbit's 2025 Revenue to Decrease by 10% Year-on-Year to $1 Billion

**March 30 — Dunamu, operator of South Korea’s Upbit crypto exchange, reported its 2025 full-year financial results on Monday, showing a 10% year-over-year revenue drop driven by a pullback in platform trading activity from 2024’s peak.** Consolidated operating revenue hit 15.6 trillion South Korean won ($10.3 billion), down from 17.3 trillion won ($11 billion) in 2024. Operating profit fell 26.7% to 869.3 billion won ($573 million), while net profit declined 27.9% to 708.9 billion won ($468 million). Dunamu cited lower crypto trading volume as the core drag on performance. Trading platform commissions—accounting for 98.3% of total revenue—totaled 15.3 trillion won ($10.1 billion) in 2025, down from 17.1 trillion won ($11.3 billion) a year earlier. Revenue from secondary services (securities apps, blockchain infrastructure) made up just 1.7% of the total, reaching 27.1 billion won ($17.9 million). As of Dec. 31, 2025, total assets stood at 13.17 trillion won ($8.7 billion), a 2.15 trillion won ($1.4 billion) decrease from 2024. Current assets dropped 2.18 trillion won ($1.4 billion), with the company attributing the slide to reduced customer deposits and weaker Upbit revenue/trading volume.