• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, August 7, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News

Dunamu Reports Strong 2024 Earnings Amid Legal Battle Over Upbit Suspension

28 March 2025
in News
Reading Time: 3 mins read
108 3
source: amlintelligence.com

source: amlintelligence.com

Dunamu, the company behind South Korean crypto exchange Upbit, has reported KRW 1.73 trillion in consolidated revenue for 2024, marking a 70.5% increase from the previous year’s KRW 1.01 trillion.

The company’s operating profit surged by 85.1% to KRW 1.18 trillion, while net income rose 22.2% year-on-year to KRW 983.8 billion.

The company attributes its strong financial performance to favorable market conditions, driven by Bitcoin’s halving event and heightened investor interest in digital assets. Optimism in the crypto market was further fueled by expectations of pro-crypto policies following Donald Trump’s election victory in November 2024, alongside the U.S. Federal Reserve’s decision to cut interest rates.

Amid tightening regulations, Dunamu has reinforced its commitment to market stability and investor protection. Following the enforcement of South Korea’s Virtual Asset User Protection Act in July 2024, the company has been actively aligning with regulatory frameworks to foster a secure and transparent digital asset ecosystem.

Founded in 2012, Dunamu operates at the intersection of digital assets, securities, and asset management, positioning itself as a leading global platform bridging blockchain technology with traditional finance.

However, Dunamu’s strong earnings report comes amid a crucial legal battle over Upbit’s business suspension. A South Korean court has temporarily lifted a three-month ban that prevented the exchange from onboarding new users. 

In February 2025, South Korea’s Financial Intelligence Unit (FIU) imposed a three-month suspension on Upbit, restricting deposits and withdrawals for new users. The regulatory body accused the exchange of violating compliance rules by engaging in transactions with unregistered virtual asset service providers (VASPs).

In response, Dunamu swiftly took legal action against the FIU, filing a lawsuit to challenge the decision while also seeking an injunction to overturn the ban. According to local reports on March 27, a Korean court granted the injunction, postponing the suspension until 30 days after a final ruling is issued.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: DunamuUpbit
Share64Tweet40Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

USDC Dominates Crypto Payrolls as Blockchain Salaries Surge – Pantera Survey
Crypto

USDC Dominates Crypto Payrolls as Blockchain Salaries Surge – Pantera Survey

7 August 2025
TRON Hits 8.29M Weekly USDT Transfers, Cements Stablecoin Lead
Stablecoin

TRON Hits 8.29M Weekly USDT Transfers, Cements Stablecoin Lead

7 August 2025
MetaComp to Distribute Ripple’s RLUSD for Cross-Border Payments
Stablecoin

MetaComp to Distribute Ripple’s RLUSD for Cross-Border Payments

7 August 2025
Alkimi Partners with Sui to Bring Entire Ad Supply Chain Onchain
Blockchain

Alkimi Partners with Sui to Bring Entire Ad Supply Chain Onchain

7 August 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

US Ether ETFs Turn One: What $16.6B in Assets and Bullish Inflows Signal for the Future

4 days ago

Is ETH Restaking Driving Efficiency or Introducing a Dangerous Complexity?

5 days ago

Your Weekend Crypto Roundup | August 2025 (Week 1)

6 days ago

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

7 days ago

Is Web3 Finally Solving Its Risk Problem? A Market Review of DeFi Insurance Models

1 week ago

How Coinshift Is Progressing the Stablecoin Space

1 week ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

BYDFi Card Officially Launches: One Card to Seamlessly Bridge Web3 Assets and Real-World Spending

bychainwire
7 August 2025
0

Bybit’s Ben Zhou Charts Bold New Course to Rewrite Crypto Success at Mid-Year Keynote

bychainwire
6 August 2025
0

Flipster and Kaia Partner to Extend Stablecoin Access Across Asia

bychainwire
6 August 2025
0

Dreamcash Begins Rollout of Trading Platform with Hyperliquid Integration via Waitlist Access

bychainwire
5 August 2025
0

Succinct, the First Decentralized Prover Network, Launches on Mainnet

bychainwire
5 August 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00