Dunamu, the Crypto Exchange Upbit operator, posted an increase of 85.1% of operating profit for 2024, fueled by half-reduction and Bitcoin pro-Crypto policies in the United States
Dunamu, the company behind Upbit Korean South Crypto Exchange Upbit, has experienced a solid 2024, income and profits increasing sharply, because its latest ratio on profits suggests that improving the feeling of investors and the main cryptographic events may have played a role.
According to the company regulatory depositIts 2024 revenues reached KRW 1.7316 Billion (approximately $ 1.3 billion), up 70.5% compared to the previous year. The operating profit increased even more, increasing by 85.1% to KRW 1.1863 Billion, while net profit increased by 22.2%.
Dunamu sees some possible reasons for growth, saying that “Bitcoin in half and improved the feeling of investors” played a big role. Hopes around American policies may also have helped. The company stressed “the anticipation of pro-Crypto policies after the election of Donald Trump” and the price of the Fed, which “seems to have contributed significantly”.
The winning report occurs just when Upbit attracts a break from his legal battle. A South Korean court has temporarily raised a three-month commercial suspension which blocked the exchange of the integration of new customers.
In February, the country’s financial intelligence unit sanctioned Upbit, blocking deposits and withdrawals for new users, alleging that the exchange violated the rules by treating unregistered virtual asset service providers.
Dunamu quickly retaliated by fileing a complaint against the CRF to challenge the suspension and request an injunction to raise the prohibition. On March 27, local media reported that a Korean court granted the injunction, postponing the suspension up to 30 days after a final decision.
