Dunamu Reports $275M Revenue in H1 2026, Down 49% Year-Over-Year Amid Crypto Market Slowdown

Dunamu, the operator of South Korea’s largest digital asset exchange Upbit, disclosed its semi-annual business report for the first half of 2026 on August 14.

According to the Financial Supervisory Service’s electronic disclosure system, Dunamu’s consolidated operating revenue for the first half of this year was KRW 408.1 billion ($275 million), a 49.1 percent decline from KRW 801.9 billion ($540 million) in the same period last year. Operating profit fell 79.7 percent year-over-year to KRW 111.5 billion ($75.1 million) from KRW 549.1 billion ($370 million), while net income dropped 74.1 percent to KRW 108.4 billion ($73 million) from KRW 418.2 billion ($282 million) in the first half of 2025.

The performance decline is attributed to a contraction in investor sentiment driven by reduced liquidity across the global digital asset market.

Founded in 2012, Dunamu has built its growth foundation through innovative services including Upbit and Jeungkwon Plus, focusing on creating a safe and convenient trading environment. The company has been strictly adhering to legal standards under the Act on the Protection of Virtual Asset Users (Virtual Asset User Protection Act), which took effect on July 19, 2024, and has been strengthening internal systems and investor protection measures to eliminate unfair trading and foster a sound market.

Dunamu has been mandated to disclose business, quarterly, and semi-annual reports since 2022 as a company subject to external audit with 500 or more shareholders per type of security.

Dunamu was recently selected as the custody service provider for digital assets seized by the Korean National Police Agency, strengthening its position as a regulated digital asset infrastructure firm. Dunamu’s blockchain subsidiary Lambda256 recently completed a proof-of-concept for stablecoin payment and settlement with the Korea Federation of Credit Information and nine credit card companies, leading the financial industry’s on-chain transformation.