According to South Korean media outlet Decenter, Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange, released its 2025 annual results, showing a decline in both revenue and profit. According to its consolidated financial statements, Dunamu's operating revenue in 2025 was 1.56 trillion won, a 10.0% decrease year-on-year (compared to 1.73 trillion won in the same period of the previous year); operating profit was 869.3 billion won, a 26.7% decrease year-on-year (compared to 1.18 trillion won in the same period of the previous year); and net profit was 708.9 billion won, a 27.9% decrease year-on-year (compared to 983.8 billion won in the same period of the previous year). The report states that the decline in performance was mainly attributed to the shrinking trading volume in the cryptocurrency market against the backdrop of a global economic downturn. Dunamu's revenue structure is highly concentrated in transaction fees, which accounted for 98.26% of total revenue in 2025.