Despite the ongoing bear market, Dunamu revealed intentions to distribute nearly $400 million into the crypto sector and create thousands of jobs.
Dunamu – the company behind South Korea’s leading crypto exchange Upbit – plans to invest 500 billion won in the next five years and create approximately 10,000 new job positions.The bear market and the outflow of investors’ interest in the industry have caused numerous companies to reduce costs and lay off some employees.
“Dunumu will collaborate to strengthening national industrial competitiveness by actively investing in new future growth industries such as blockchain and creating jobs.” – said the CEO Sirgoo Lee. Found in 2012 and headquartered in Seoul, Dunamu is among the country’s leading fintech companies. In 2017, it launched Upbit – one of the largest cryptocurrency exchanges in South Korea.A month ago, the world’s largest crypto platform – Binance – showed that the decline of the digital asset market is not that big of a concern. In fact, CEO Changpeng Zhao“We have a very healthy war chest, we, in fact, are expanding hiring right now,” the exec said back then.
Prior to that, the company scored two European regulatory approvals. First, the French financial regulator – Autorité des Marchés Financiers –
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