South Korea’s Upbit parent plans US IPO after Naver merger: Report

Cointelegraph•Tuesday, November 25, 2025 at 2:42:17 AM

PositiveCryptocurrency

South Korea’s Upbit parent plans US IPO after Naver merger: Report

Dunamu, the parent company of South Korea's cryptocurrency exchange Upbit, is reportedly planning an initial public offering (IPO) on Nasdaq following its merger with Naver, a significant player in the tech industry. This move is expected to provide US investors with access to South Korea's dynamic crypto market.
The merger with Naver, valued at $14.5 billion, positions Upbit strategically for growth and expansion, potentially enhancing its market presence and operational capabilities in the competitive cryptocurrency landscape.
This development occurs amid increasing regulatory scrutiny in South Korea, where the Financial Intelligence Unit is set to impose sanctions on exchanges for compliance failures. The contrasting dynamics of Upbit's IPO ambitions and regulatory challenges highlight the complexities facing the cryptocurrency sector in the region.

— via World Pulse Now AI Editorial System

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