1. PixelPlaygroundHome
  2. Web3 News

Dunamu Denies Reports of Upbit’s US Listing Plan

• Web3 News • 119 views

On February 22, Dunamu, the operator of Upbit of the Korean Cryptographic Exchange, said that the reports of several media in the country about its \”plan to go…

Dunamu Denies Reports of Upbits US Listing Plan

On February 22, Dunamu, the operator of Upbit of the Korean Cryptographic Exchange, said that the reports of several media in the country about its “plan to go to the United States for listing in 2025” were untrue. （Money Today）

Dunamu, the Upbit operator, denied the report of “planning to go public in the United States in 2025”

Interpretation of the news:


Dunamu, the operator of Upbit, has dismissed reports from several media outlets in South Korea that the crypto exchange is planning to go public in the US by 2025. According to a report by Money Today, the Korean cryptographic exchange refuted claims that it is preparing for a US listing in the coming years, calling the reports “untrue.”

While the reports have not been confirmed by Dunamu, the possibility of Upbit going public in the US is not entirely out of the question. The exchange has been seeking ways to expand its user base beyond Korea, with a particular focus on entering the US market. In recent years, Upbit has expanded into Singapore and Indonesia, but its global presence remains limited.

Upbit is one of the largest crypto exchanges in Korea, boasting over 1.3 million users and a daily trading volume of around $850 million, according to CoinMarketCap. However, the exchange has faced its fair share of controversies, including a hacking incident in 2019 that resulted in the loss of $50 million worth of cryptocurrencies.

Going public in the US could be a way for Upbit to raise significant capital and gain more mainstream recognition. However, it would also subject the exchange to a greater level of scrutiny, particularly from regulators who are becoming increasingly wary of the crypto industry.

Despite the uncertainty surrounding Upbit’s US listing plans, the reports have generated interest in the crypto community, with many speculating about the potential impact on the market. Some analysts believe that a successful US listing could lead to a wider adoption of cryptocurrencies by institutional investors and further legitimize the industry.

Overall, Dunamu’s denial of reports about Upbit’s US listing plan suggests that there may be more behind-the-scenes discussions before any official announcements are made. Nevertheless, the possibility of Upbit going public in the US remains an intriguing prospect for crypto enthusiasts, investors, and regulators alike.

In summary, Dunamu has denied reports of Upbit’s US listing plan. Despite the denial, the possibility of Upbit going public in the US is still open. Going public in the US could help Upbit expand its user base and raise capital, but it would also subject the exchange to greater scrutiny. The reports have generated interest in the crypto community, with many speculating about the potential impact on the market.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/2361/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/22/2023 05:56
Next 02/22/2023 06:00

Recommended articles