(MENAFN- Crypto Breaking) South Korea's leading crypto exchange operator, Dunamu, reported a substantial boost in profitability for the third quarter of 2025, driven by a resurgence in trading activity amid favorable regulatory developments in the United States. The company's strong financial results highlight the ongoing recovery and growth in the global digital asset markets, reflecting increased institutional engagement and investor confidence.

• Upbit's operator Dunamu posts over $165 million in net income for Q3 2025, more than tripling last year's figures.
• Revenue and operating profit experienced significant growth, indicating a robust rebound in crypto trading volumes.
• U.S. crypto legislation, including the Genius Act and Clarity Act, has played a role in revitalizing market confidence.
• Naver Financial is preparing to acquire Dunamu, signaling potential major corporate expansion in South Korea's crypto arena.
• Other major crypto firms, such as TeraWulf and BitFuFu, have also reported doubled revenues in the recent quarter, indicating a bullish trend across the industry.

Dunamu Reports Record Profits Amid Market Revival

Upbit operator Dunamu announced a remarkable financial turnaround for the third quarter of 2025, posting a net income of approximately 239 billion won ($165 million). This represents an increase of over 300% compared to the same period last year when net profits were around $40 million, according to regulatory filings with the Financial Supervisory Service.

The company's detailed report highlighted strong momentum across all key metrics. Total revenue surged 35% quarter-over-quarter to $266 million, while operating profit increased by 54% to $162 million. Notably, net income soared 145% over the previous quarter, signaling a substantial recovery for South Korea's flagship crypto exchange operator.

The growth aligns with an overall rebound in digital asset markets, driven by increased trading activity and renewed investor interest in cryptocurrency and blockchain assets, including Bitcoin, Ethereum, and DeFi protocols.

Related: South Korea's bank-first stablecoin approach lacks logic, says Kaia chair

US Crypto Legislation Bolsters Market Sentiment

Dunamu credited recent legislative actions in the United States for revitalizing investor confidence. Key bills such as the Genius Act, Clarity Act, and the Anti-CBDC Bill have helped foster a more stable and transparent environment for institutional investors, encouraging increased participation in crypto markets.

Since 2022, Dunamu has faced heightened regulatory scrutiny, including external audits mandated due to its shareholder count exceeding 500. Despite these challenges, the company reports that recent policy clarity has contributed positively to its financial health and market engagement.

Meanwhile, several crypto companies, including TeraWulf and BitFuFu, also reported doubling their revenues in the third quarter, reflecting a broader industry recovery as demand for cloud mining and Bitcoin continues to rise.

Related: South Korea ramps up crypto seizures, will target cold wallets

Naver Financial Eyes Acquisition of Dunamu

An exciting development comes as Naver Financial, the fintech arm of South Korea's dominant internet conglomerate, prepares to acquire Dunamu. The planned acquisition will involve a share swap, with official approvals expected imminently. This move signals a major shift toward integrating blockchain and crypto services into mainstream financial platforms in South Korea.

Upbit Korea, operated by Dunamu, remains the nation's largest crypto exchange in trading volume and user base, cementing its role as a vital player in Asia's evolving crypto ecosystem.

Related: 2026 is the year of pragmatic privacy in crypto - Canton, Zcash and more

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