Upbit operator Dunamu's annual operating profit increased by 85% year-on-year last year, reaching a record high.

BlockBeats News, March 28th, according to koreaherald report, in 2024, Upbit operator Dunamu's operating profit increased by 85% year-on-year to 11.9 trillion Korean won ($8.11 billion). Sales revenue soared by 70.5% to 17.3 trillion Korean won, and net profit grew by 22% to 983.8 billion Korean won.

The company stated that this is the highest earnings ever for Dunamu, reflecting a surge in demand from investors in a highly optimistic environment, especially due to the support of U.S. President Donald Trump for cryptocurrency.

By the end of 2024, the number of cryptocurrency investors in South Korea had increased by 52% year-on-year to 9.67 million, with their total holdings soaring to 105.1 trillion Korean won.