Naver has agreed to acquire Dunamu, the operator of cryptocurrency exchange Upbit, in an all-stock transaction valued at approximately $10.3 billion. According to documents, the deal values Naver Financial and Dunamu at about 4.9 trillion won and 15.1 trillion won, respectively. Dunamu's consolidated operating revenue for the first nine months of the year rose 22% year-on-year to 1.19 trillion won, with trading platform revenue, including Upbit, accounting for approximately 97.9% of the total.