Dunamu, which operates digital asset exchange Upbit, posted results in which both revenue and operating profit fell from a year earlier in the first quarter this year. This is seen as the result of reduced trading volume in the digital asset market.

Dunamu said on May 15 it filed its first-quarter 2026 quarterly report through the Financial Supervisory Service's electronic disclosure system.

Dunamu's consolidated operating revenue for the first quarter this year was tallied at 234.6 billion won. That was down 54.6 percent from 516.2 billion won a year earlier.

Operating profit for the period was 88.0 billion won, down 77.8 percent from 396.3 billion won in the first quarter of last year. Net profit was 69.5 billion won, down 78.3 percent from 320.5 billion won a year earlier.

Compared with the previous quarter, profitability improved somewhat. First-quarter operating revenue fell 36.6 percent from 370.0 billion won in the fourth quarter of last year, but operating profit rose 3.6 percent to 88.0 billion won from 84.9 billion won. Net profit also increased 34.4 percent to 69.5 billion won from 51.7 billion won.

The company cited reduced trading volume in the digital asset market due to a global economic slowdown as the reason for the declines in revenue and operating profit. Slower trading volume appears to have affected fee income and other revenue.