Dunamu, the parent company of South Korean crypto exchange Upbit, announced a significant increase in cash dividends following a substantial rise in annual profits. The firm reported an 85.1% rise in operating profit, driven by increased investor interest and favorable macroeconomic conditions, including pro-crypto sentiment from President Donald Trump. Despite its financial success, Upbit faces regulatory challenges, including scrutiny from South Korea's FIU over alleged KYC violations and dealings with unregistered foreign exchanges. Meanwhile, Bithumb, another major exchange, is under investigation for alleged misuse of funds by its former CEO.
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Dunamu Boosts Dividends as Profits Skyrocket
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