[Alpha Biz=(Chicago) Reporter Kim Jisun] The net profit of Dunamu, the operator of the virtual asset (cryptocurrency) exchange "Upbeat," jumped about six times last year from a year earlier. Operating profit fell by about 21 percent.

According to the Financial Supervisory Service's electronic disclosure system on the 29th, sales of Dunamu reached 1.153 trillion won last year, down about 19 percent from a year earlier. During the same period, operating profit was 640.8 billion won, down 21 percent from 810.1 billion won a year earlier.

But net profit for the current term jumped about six times. Last year, Dunamu's net profit was 805 billion won, up 515% from 130.8 billion won in 2022.

The virtual asset market remained stagnant until the third quarter of last year. The market revived in October last year when expectations for the approval of the Bitcoin Spot Exchange Traded Fund (ETF) increased. Analysts say that the decline in Dunamu's sales and operating profit was attributed to a contraction in investor sentiment that lasted until the third quarter of last year.

Net profit rose sharply as the price of virtual assets held by Dunamu rose. For example, Bitcoin has jumped 2.5 times since October last year.

On the other hand, Dunamu is included in the corporation subject to external audit with more than 500 owners by securities, and is obliged to publish business reports, division and half-yearly reports.

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