Bitcoin records -0.31% reverse kimchi premium in South Korea on August 16. As of 12:00 AM KST on August 16, Bitcoin (BTC) was trading at 89.16 million KRW on South Korea's Upbit exchange, up
As of 12:00 AM KST on August 16, Bitcoin (BTC) was trading at 89.16 million KRW on South Korea's Upbit exchange, up 0.04% from the previous day. On global exchange Binance, BTC was priced at 89.43 million KRW, reflecting a negative price gap of 270,000 KRW and a reverse kimchi premium of -0.31%.
Ethereum (ETH), the leading altcoin, recorded a -0.35% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -0.22%, XRP (XRP) at -0.34%, Dogecoin (DOGE) at -0.30%, and Sui (SUI) at -0.35%. Most major altcoins are currently trading with a reverse kimchi premium in the -0.2% to -0.3% range.
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IT Times Kunyoung Kim ([email protected])
