According to the source, Seoul Economic Daily reported that Dunamu, the operator of South Korea’s Upbit exchange, is planning a US IPO on Nasdaq following a merger with tech company Naver. Source: Seoul Economic Daily. Dunamu operates the Upbit digital asset trading platform in Korea, making it a key infrastructure player for KRW crypto liquidity. Source: Dunamu corporate information. A Nasdaq IPO would require SEC registration and ongoing disclosures under US securities laws, increasing transparency for investors who track exchange operators. Source: U.S. SEC. As a peer reference for valuation and sector read-through, Coinbase (ticker COIN) is listed on Nasdaq as a crypto exchange operator. Source: Nasdaq.

According to @cas_abbe, South Korea’s largest crypto exchange Upbit is preparing for a Nasdaq IPO, a rare event with only a handful of major exchanges having reached U.S. markets; if completed, it would be the third major crypto exchange to list in the U.S. and the first from Asia, source: @cas_abbe. The listing would impose stricter disclosure, transparency, and regulatory standards, which could increase trust across the crypto sector and signal exchanges are maturing into full financial businesses, source: @cas_abbe. @cas_abbe adds that a Nasdaq debut would give U.S. institutions direct exposure to a high-volume foreign venue and that global regulators tend to follow Nasdaq signals, potentially bolstering overall crypto market confidence, source: @cas_abbe.