Upbit Advances Toward Nasdaq Listing as Naver Merger Reshapes South Korea’s Crypto Scene

• Upbit moves closer to Nasdaq plans as Naver merger gains momentum.
• Dunamu reports 85% profit growth, strengthening Upbit’s anticipated listing push.
• Bithumb’s restructuring increases competition while South Korea’s crypto sector shifts.

Upbit’s push toward a potential Nasdaq listing has intensified industry focus as its merger with Naver progresses. According to Seoul Economic Daily, the exchange plans to move toward a U.S. listing after completing a stock swap merger that places it under the technology group’s structure.

Besides the merger update, the development coincides with broader movement across South Korea’s exchange sector. Bithumb continues advancing its public market goals after exploring a U.S. route in 2024. Additionally the company restructured parts of its business through a planned spinoff that increased pressure on competitors to strengthen their strategies.

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Sector momentum grows as Dunamu posts major financial gains

Moreover Dunamu, Upbit’s operator, reported sharp growth over the past year. Profit jumped by 85% while shareholder dividends tripled, based on earlier regulatory disclosures. Hence the company enters the merger phase with strengthened financial capacity that may influence its Nasdaq pursuit.

Consequently integration into Naver is expected to create a more unified digital framework for the exchange. Industry observers note that this alignment may support Upbit’s plans for a U.S. listing. However key details including valuation expectations, underwriting banks and listing timeline remain undisclosed.

Significantly a Nasdaq debut would stand among the most notable U.S. listings linked to an Asian crypto exchange. Moreover it would broaden investor exposure as South Korea’s trading platforms continue adjusting to intensifying competition across digital markets.

Besides corporate developments, market indicators posted mixed performance. GMBASE declined to 20.10 after a 3.82% drop while GMRWA moved to 79.15 with a 0.31% gain. These figures reflect shifting sentiment as the exchange landscape undergoes structural change.

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