Upbit Seeking Nasdaq IPO Following Merger With Naver: Bloomberg
Analysis
Price Impact
HighThe potential nasdaq ipo of upbit, a major south korean crypto exchange, following a merger with internet giant naver, is a significant step towards mainstream institutional adoption and integration of the crypto market into traditional finance.
Trustworthiness
HighThe news is reported by bloomberg, a highly reputable financial news source, citing specific companies (upbit, naver, nasdaq) and a clear event timeline (post-merger).
Price Direction
BullishAn ipo on a major u.s. exchange like nasdaq for a prominent crypto platform like upbit significantly enhances the legitimacy and visibility of the crypto industry. this could attract new institutional and retail capital, fostering positive market sentiment and demand for cryptocurrencies.
Time Effect
LongWhile initial news might generate short-term positive sentiment, the actual process of an ipo, the merger's completion, and the subsequent integration of a crypto-native entity into public traditional markets will have lasting implications for market structure, regulatory clarity, and investor perception, driving long-term growth.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Upbit Seeking Nasdaq IPO Following Merger With Naver: Bloomberg The deal between Upbit and Naver was reported in September, with suggestions that the former's parent Dunamu would be brought under Naver's financial arm. By Jamie Crawley | Edited by Stephen Alpher Nov 24, 2025, 1:05 p.m. South Korean crypto exchange Upbit is eyeing an initial public offering (IPO) on Nasdaq (CoinDesk) What to know : South Korean crypto exchange Upbit is eyeing an initial public offering on Nasdaq, according to Bloomberg. Upbit will target a Nasdaq IPO once its merger with Naver Financial is complete. South Korean crypto exchange Upbit is eyeing an initial public offering (IPO) on Nasdaq, according to a Bloomberg report on Monday. The Seoul-based platform is in the process of merging with South Korean internet giant Naver, with reports saying the merger will be completed this week . STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Upbit will target a Nasdaq IPO once the merger is complete, according a post on X Monday which cited Bloomberg . The deal between Upbit and Naver was first reported in September, with suggestions that the former's parent Dunamu would be brought under the umbrella of Naver's financial arm via a stock swap deal. The merger plans now points toward Dunamu and Naver Financial forming a single entity bridging crypto and traditional finance (TradFi). This calendar year has seen high-profile crypto companies Circle Internet Group (CRCL) Bullish (BLSH) and Gemini (GEMI) list on public markets in the U.S, with Kraken expected to follow suit in 2026 . Naver and Dunamu did not immediately respond to CoinDesk's request for comment. Upbit Nasdaq IPO More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Microcap Biotech Firm Raises $212M for Prediction Market Token Treasury Strategy By Francisco Rodrigues , AI Boost | Edited by Sheldon Reback 6 minutes ago Enlivex Therapeutics is raising $212 million to invest in RAIN, the token of a blockchain-based prediction market, which will become its main treasury reserve asset. What to know : Enlivex Therapeutics is raising $212 million to invest in RAIN, the token of a blockchain-based prediction market, which will become its main treasury reserve asset. The token powers a decentralized protocol for creating and trading prediction markets on real-world events. The investment won't affect Enlivex's clinical trials for its lead drug candidate, Allocetra, and will also bring Italy's former prime minister, Matteo Renzi, to its board of directors. Read full story Latest Crypto News Microcap Biotech Firm Raises $212M for Prediction Market Token Treasury Strategy 6 minutes ago Where Next?: Crypto Daybook Americas 51 minutes ago Revolut Hits $75B Valuation in Fundraise Backed by Coatue, NVIDIA, Fidelity 1 hour ago Crypto Markets Today: Fear Dominates as Altcoins Lag, Bitcoin Tests Key Levels 1 hour ago Bitcoin Longs on Bitfinex Jump 40% in Three Months as Traders Double Down on Dip 1 hour ago ECB Doubles Down on Warning That Stablecoins Could Pose Global Financial Risks 1 hour ago Top Stories Bitcoin ETFs, Led by BlackRock's IBIT, See Record $40B Trading Volume as Institutions Capitulate 7 hours ago Where Next?: Crypto Daybook Americas 51 minutes ago Thai Crypto Exchange Bitkub Weighs Hong Kong IPO: Report 4 hours ago DOGE Beats the Blue Chips as D.O.G.E Calls It Quits 7 hours ago China Returns as Third Largest Bitcoin Mining Hub With a 14% Share: Reuters 2 hours ago Turning ‘$11K to Half a Billion Dollars From Trading Memecoins’: Tales From a Crypto Wealth Manager Nov 22, 2025