Bitcoin records -0.38% reverse kimchi premium in South Korea on August 18. As of 12:00 AM KST on August 18, Bitcoin (BTC) was trading at 90.30 million KRW on South Korea's Upbit exchange, up
As of 12:00 AM KST on August 18, Bitcoin (BTC) was trading at 90.30 million KRW on South Korea's Upbit exchange, up 1.27% from the previous day. On global exchange Binance, BTC was priced at 90.64 million KRW, reflecting a negative price gap of 340,000 KRW and a reverse kimchi premium of -0.38%.
Ethereum (ETH), the leading altcoin, recorded a -0.41% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -0.35%, XRP (XRP) at -0.38%, Dogecoin (DOGE) at -0.39%, and Sui (SUI) at -0.31%. Most major altcoins are currently trading with reverse kimchi premiums in the -0.3% to -0.4% range.
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IT Times Kunyoung Kim ([email protected])
