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The wind has been favorable for Dunamu said to be working on Nasdaq IPO of its cryptocurrency exchange Upbit as it reported tripled bottom line last year while a court backed its decision to kick out GoMoney2 (GOM2) tokens of AnimalGo, a blockchain-based pet services platform, from its exchange for false disclosure.

According to its audit report disclosed on Wednesday, Dunamu posted an operating profit of 86.6 billion won ($77.36 million), up 105 percent on year. Its revenue came to 176 billion won, adding 26 percent against a year ago while net profit tripled to 47.7 billion won. Its cash equivalents also climbed 234 percent to reach 1.07 trillion won, compared with 320 billion won a year ago.

Upbit is ranked amongst the top three in the world in 24-hour trading volume. Dunamu is said to be tilted towards Nasdaq IPO after U.S.-based exchange Coinbase’s successful debut.

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Meanwhile, the court sided with Dunamu for removing GoMoney2 after U.S.-based cryptocurrency lender Celsius Network denied AnimalGo’s claim of agreeing to funding.

AnimalGo filed for a court stay on the move, but the court found Dunamu’s decision just to protect investors.

Upbit promised to stricter disclosure system.

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