가상자산시장 한파에…두나무, 2025년 매출·영업익 동반 하락

Dunamu's cryptocurrency exchange Upbit faces significant revenue and profit declines in 2025 due to market downturn, with 98% of revenue concentrated in trading fees—exposing dangerous single-platform dependency. Despite current headwinds, improved financial health (debt-to-equity ratio improved from 160% to 112%) and increased R&D spending demonstrate management's commitment to strengthening long-term competitive position and business diversification.