Naver to Acquire Upbit Operator Dunamu via Equity Swap

Published at 2025-11-19 18:02:23

South Korea’s internet giant Naver is poised to greenlight an equity-swap acquisition of Dunamu, the operator of leading crypto exchange Upbit, at its board meeting next week. Dunamu has scheduled its own board meeting for Nov. 26, 2025 to confirm the terms and next steps. Company statements suggest the deal is moving toward formal approval and completion of transactional details.

The tie-up would combine Naver’s large consumer and payments ecosystem with Upbit’s dominant position in Korean crypto trading, signaling deeper integration between mainstream tech platforms and the digital-asset sector. Market and regulatory watchers will be watching for effects on competition, product bundling, and compliance posture in South Korea; for Naver, the acquisition could accelerate its fintech and web3 ambitions by adding trading and custody capabilities to its service mix.

Share on:

Related news

Defiance Closes Ethereum ETF After Only Four Months

Miami-based Defiance ETFs announced Thursday it will close its Ethereum ETF after just four months on the market. The abrupt decision underscores mounting pressure in the competitive spot-ETH ETF landscape.

Published at 2026-01-17 18:15:09
Fed to Inject $55B in T-Bill Purchases, Boosting Crypto Market Optimism

The Federal Reserve will buy $55 billion in Treasury bills as it resumes expanding its balance sheet, fueling hopes that added liquidity could support a crypto market rally. Traders and analysts say the move may ease financial conditions and lift risk assets, including Bitcoin and Ethereum.

Published at 2026-01-17 17:15:05
XRP Volume Surges in Korea After Traders Exploit Spot-Only Exchange Loophole

XRP has overtaken Bitcoin and Ethereum as South Korea’s retail trading favorite after traders exploited a spot-only exchange loophole, sending local volume sharply higher. The shift underscores divergent regional preferences and could alter price discovery and regulatory focus.

Senators Push Back on Tim Scott’s Broad Crypto Bill

Senate Banking Chairman Tim Scott's sweeping crypto bill faces sharp criticism from Senate Judiciary Chairman Chuck Grassley and ranking member Dick Durbin, who say the measure raises serious concerns. The bipartisan pushback could slow or reshape the proposed regulatory overhaul.

Published at 2026-01-17 11:15:08
Anchorage Digital Seeks $200M–$400M Funding Ahead of Possible IPO

Crypto custodian Anchorage Digital is pursuing $200 million to $400 million in new capital as it prepares for a possible IPO next year. The raise is positioned to strengthen the firm's balance sheet and support growth ahead of a public listing.

Published at 2026-01-17 01:15:06