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South Korean Crypto Exchange Eyeing Nasdaq Listing

Upbit is planning a Nasdaq listing following its planned merger with South Korean tech group Naver.

Nov 24, 2025 • 1 min read

Upbit is planning a Nasdaq IPO once its merger with Naver Financial was complete, according to Korean local news outlet Seoul Economic Daily (h/t The Block).

What’s the Scoop?

IPO target: The local outlet reported that Upbit is planning for a Nasdaq listing.
Merger timing: The exchange is expected to complete its merger with Naver Financial this week, positioning the combined entity for a U.S. public debut.
Deal structure: The merger, first announnced in September, involved Dunamu being brought under Naver Financial through a stock swap, creating a single platform that tied crypto operations to more traditional finance services.

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