Dunamu reports a 78% profit drop amid a cooling crypto market decline, highlighting concentration risks and shifting investor behavior.

The acquisition of 2.28 million shares will give Hana Bank a 6.55% stake in Dunamu, making it the fourth-largest shareholder.

Hana Bank investment makes it the fourth-largest shareholder in Dunamu, acquiring a 6.55% stake in the Upbit operator for $670M.

Hana Bank has acquired a 6.55% stake in Dunamu, the operator of South Korea’s largest crypto exchange, Upbit.

Dunamu reports a 78% profit drop amid a cooling crypto market decline, highlighting concentration risks and shifting investor behavior.