Upbit operator Dunamu posts $165M in profit in Q3, up over 300% YoY

Dunamu, the operator of Upbit, reported a net income of $165 million for the third quarter of 2023, marking an increase of over 300% compared to the same period last year. This significant profit surge is attributed to a rebound in the cryptocurrency market and heightened investor confidence, particularly following new cryptocurrency legislation in the United States.