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Upbit Operator Posts Record Profits, Eyes US Expansion
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cryptonews.comThe South Korean crypto exchange operator Dunamu is set to accrue a tax bill of a whopping KRW 1trn (USD 843m) following the most successful year yet for its Upbit trading platform.
According to Donga, Dunamu posted cumulative operating profits of USD 2.2bn in the first three quarters of the current financial year.
Crypto trading experienced a lull in the period 2018-2019 in South Korea following a boom in 2017, with trading also sluggish in 2020. But in the early months of 2021, Crypto Fever 2.0 took root in the country – to the extent that next year’s presidential elections could even be decided by the voting activities of crypto-keen investors.
But the two biggest winners of all this have arguably been Upbit – which surged past the
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