Upbit Mum or dad Firm Sees $124 million Revenue in Q3 of 2022 By CoinEdition

• South Korean fin-tech firm Dunamu noticed a income of $205 million and a revenue of $124 million.
• Nonetheless, the figures are 66% and 76% under the worth the agency realized in 2021.
• Beforehand, Upbit change deliberate to ascertain digital asset monitoring companies with LUNC income.

In response to an area report, Dunamu, the father or mother firm of the Upbit crypto change and considered one of South Korea’s largest crypto companies, has printed part of its monetary assertion for the third quarter of 2022.

The report famous that the South Korean firm noticed a income of $205 million, making a revenue of $124 million. Apparently, the seemingly high-profit margin is 76% under the worth the corporate realized in 2021 and 39% decrease than the second quarter of 2022.

Moreover, a spokesperson at Dunama defined that the continued decline in world liquidity and the general contraction of the capital market had an impact, provided that the corporate vastly depends on the Upbit change’s efficiency.

Notably, Upbit is the world’s Eleventh-largest crypto change by 24-hour tr …

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