Upbit crypto exchange operator Dunamu joins ranks of Korea's 'decacorns'

▤ Summary

Dunamu, the operator of cryptocurrency exchange Upbit has joined the elite ranks of Koreas "decacorns," or a startup company valued at over 10 trillion won ($10 billion), which include e-commerce giant Coupang and leisure reservation app Yanolja. According to investment banking industry sources, Dunamu recently raised around 100 billion won from investors. Saehan Venture Capital injected 60 billion won into the blockchain tech company. Based on the leading position in the lucrative coin market, Dunamu generated 590 billion won in sales during the first quarter this year. Market watchers believe that if Dunamu goes public in the near future, the companys corporate value could rise to 30 trillion won.

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