Bitcoin shows -0.83% reverse kimchi premium in Korean market on July 1. As of 12:00 AM KST on July 1, Bitcoin (BTC) was trading at 89.07 million KRW on South Korea’s Upbit exchange, down 2.24
As of 12:00 AM KST on July 1, Bitcoin (BTC) was trading at 89.07 million KRW on South Korea’s Upbit exchange, down 2.24% from the previous day. On global exchange Binance, BTC was priced at 89.81 million KRW, reflecting a negative price gap of 740,000 KRW and a reverse kimchi premium of -0.83%.
Ethereum (ETH), the leading altcoin, recorded a -1.03% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -1.28%, XRP (XRP) at -1.02%, Dogecoin (DOGE) at -1.24%, and Sui (SUI) at -1.23%. Most major altcoins are currently trading with a reverse premium in the -1.0% to -1.2% range.
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IT Times Kunyoung Kim ([email protected])
