South Korea's largest cryptocurrency exchange, Upbit, operated by Dunamu, is reportedly planning to pursue an Initial Public Offering (IPO) on the NASDAQ. This strategic move is expected to follow a significant merger with Naver Financial, aiming to establish a fintech giant. The proposed deal involves creating a combined entity with a reported valuation target of over $34 billion. The strategy focuses on integrating Naver's established payment rails with Dunamu's blockchain infrastructure to create a comprehensive financial services ecosystem. A successful Nasdaq debut would place Upbit among the few publicly traded crypto exchanges globally, joining the likes of Coinbase in bringing crypto exposure to U.S. public markets. This listing is seen as a major step for the Korean heavyweight into global capital markets, potentially unlocking significant capital and valuation benchmarks. [Update 1] Reports reconfirm that Upbit operator Dunamu is targeting a Nasdaq IPO following the merger with Naver Financial. The move is highlighted as a significant global expansion effort, drawing comparisons to Coinbase's public market presence.