Bitcoin Shows -0.94% Reverse Kimchi Premium in Korean Market on May 22

By IT Times
about 1 hour ago
DOGE SOL BTC DOGE SUI
Bitcoin shows -0.94% reverse kimchi premium in Korean market on May 22.

As of 12:00 AM KST on May 22, Bitcoin (BTC) was trading at 114.51 million KRW on South Korea’s Upbit exchange, down 0.38% from the previous day. On global exchange Binance, BTC was priced at 115.59 million KRW, reflecting a negative price gap of 1.08 million KRW and a reverse kimchi premium of -0.94%.

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 -1.05%, XRP (XRP) at -0.87%, Dogecoin (DOGE) at -0.92%, and Sui (SUI) at -0.86%. Most top altcoins are currently trading with a reverse premium in the -0.8% to -1.0% range.

IT Times Kunyoung Kim ([email protected])

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