Dunamu Posts 78% Profit Drop as Crypto Trading Slump Hits Upbit’s Fee-Driven Revenue

TLDR: Dunamu’s Q1 operating profit dropped 78% year-on-year, falling to 88 billion won from 396 billion won. Transaction fees make up 97% of Dunamu’s revenue, making it highly exposed to crypto market slowdowns. Hana Bank acquired a 6.55% stake in Dunamu as part of a 1 trillion won investment agreement. Naver Financial agreed to acquire [...]

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