Dunamu Denies Nasdaq Listing Plans Amid Global Expansion Uncertainty

Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, has denied reports that it is preparing for a U.S. listing on Nasdaq.

The denial follows a report by The Asia Business Daily suggesting the company was moving toward a listing on the American stock exchange.

In a statement, Dunamu said it plans to pursue a listing after completing a comprehensive stock swap, but emphasized that no decision has been made regarding the country where the listing will take place.