Pinpoint News reported that Dunamu, the operator of Upbit, recorded consolidated operating revenue (sales) of 234.6 billion won in the first quarter, a 55% decrease compared to the same period last year. Operating profit was 88 billion won, down 78%, and net profit also decreased by 78% year-on-year to 69.5 billion won. Dunamu explained that the decrease in digital asset market trading volume due to the global economic slowdown was the main reason for the sluggish performance.
