Upbit Owner Dunamu Eyes Nasdaq IPO After Naver Merger, Report Says
Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, is said to be exploring a Nasdaq listing following its merger with internet giant Naver. The report suggests a U.S. IPO would give American investors direct exposure to one of Asia’s most active crypto markets while allowing Dunamu to leverage Naver’s technology and capital for international growth. Sources describe discussions as early-stage rather than finalized.
A Nasdaq debut would carry significance for liquidity, transparency and institutional interest in the region’s crypto sector, since Upbit commands substantial domestic trading volume. Regulatory clarity, market conditions and the final terms of the Naver tie-up will shape any timeline and valuation, so investors should view the plan as potential rather than imminent. If realized, the listing would be another signal of crypto platforms moving toward mainstream capital markets.