Upbit's 2025 Revenue to Decrease by 10% Year-on-Year to $1 Billion

BlockBeats News, March 30th: Dunamu, the operator of Upbit, one of South Korea's largest cryptocurrency exchanges, released its full-year 2025 financial report, showing a 10% year-on-year revenue decrease, mainly due to a decline in platform trading activity from the previous year's peak.

The financial report released by the company on Monday showed consolidated operating revenue of 15.6 trillion South Korean won (about $10.3 billion), lower than 17.3 trillion won (about $11 billion) in 2024; operating profit decreased by 26.7% to 869.3 billion won (about $573 million); net profit fell by 27.9% to 708.9 billion won (about $468 million).

Dunamu attributed the performance decline to a decrease in cryptocurrency trading volume from the previous year. The financial report shows that trading platform commission revenue was 15.3 trillion won (about $10.1 billion), accounting for 98.3% of total revenue, lower than 17.1 trillion won (about $11.3 billion) in 2024. Revenue from other services such as securities applications and blockchain infrastructure was 27.1 billion won (about $17.9 million), accounting for 1.7% of total revenue.

As of the end of 2025, the company's total assets were 13.17 trillion won (about $8.7 billion), a decrease of 2.15 trillion won (about $1.4 billion) from the previous year. Of this, current assets decreased by 2.18 trillion won (about $1.4 billion), with Dunamu stating that this was mainly due to a decrease in customer deposits and a decline in Upbit's revenue and trading volume.