Upbit's operator Dunamu saw a 73% QoQ decrease in operating profit to 23.5 billion Korean Won in Q2

BlockBeats News, August 14th, Dunamu, the operator of Upbit, announced its Q2 2026 performance. The quarterly revenue was 173.5 billion KRW (approximately $123 million), with an operating profit of 23.5 billion KRW (approximately $16.65 million), representing a decrease of about 26% and 73% from Q1, respectively.

In Q1, Dunamu's revenue was 234.6 billion KRW (approximately $166 million), with an operating profit of 88 billion KRW (approximately $62.34 million). Dunamu stated that the decline in this quarter's performance was mainly due to the overall liquidity contraction in the global digital asset market, which weakened investor sentiment.