On March 30, South Korean media outlet Decenter reported that Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, released its annual performance report for 2025, showing declines in both revenue and profit. According to the consolidated financial statements, Dunamu's operating revenue for 2025 was 1.56 trillion won (approximately $10.28 billion), a 10.0% decrease from the previous year’s 1.73 trillion won (approximately $11.41 billion). Operating profit was 869.3 billion won (approximately $5.73 billion), down 26.7% from the previous year's 1.18 trillion won (approximately $7.78 billion). Net profit was 708.9 billion won (approximately $4.67 billion), a decrease of 27.9% from the previous year's 983.8 billion won (approximately $6.53 billion). Reports indicate that the decline in performance is primarily attributed to a shrinking trading volume in the cryptocurrency market amid a global economic downturn. Dunamu's revenue structure is highly concentrated on trading fees, which accounted for 98.26% of total revenue in 2025.