Why upbit Is Trending Today?

Dunamu, the parent company of Upbit, has reported a net profit of $165 million in the third quarter, marking a 300% increase year-on-year.

Dunamu, the operator of Upbit, a major cryptocurrency exchange, saw a significant increase in its profit during the third quarter of 2021. The company's profit soared by over 300% year-over-year, reaching $165 million. This remarkable growth can be attributed to the regulatory clarity in the crypto market, which has led to a revival in the industry.

Ethena's ENA token surged 19-25% following Upbit's listing announcement, with revenues surpassing $290 million. It's now among top altcoins under $1 to watch.