# South Korean Crypto Exchange Eyeing Nasdaq Listing

*Author: Bankless*
*Published: Nov 24, 2025*
*Source: https://www.bankless.com/read/news/south-korean-crypto-exchange-eyeing-nasdaq-listing*

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Upbit is planning a Nasdaq IPO once its merger with Naver Financial was complete, according to Korean local news outlet [Seoul Economic Daily](https://www.sedaily.com/NewsView/2H0KVTDPC1) (h/t [The Block](https://www.theblock.co/post/380119/upbit-nasdaq-naver)).

### **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.