Foresight News, citing a report by Digital Asset, said that Dunamu, the operator of the South Korean crypto exchange Upbit, released its interim report. In Q2, revenue was approximately $123 million (173.5 billion won), and operating profit was approximately $16.63 million (23.5 billion won). Quarter-over-quarter, revenue fell by about 26% and operating profit dropped by about 73% (in Q1, revenue was about $166 million /234.6 billion won, and operating profit was about $62.26 million /88.0 billion won). Dunamu said that the decline in this quarter’s performance is related to the overall contraction of global digital asset market liquidity and a weakening investment sentiment.
