Bitcoin Shows -1.15% Reverse Kimchi Premium in Korean Market on May 24

By IT Times
about 5 hours ago
DOGE SOL BTC DOGE SUI
Bitcoin shows -1.15% reverse kimchi premium in Korean market on May 24.

As of 12:00 AM KST on May 24, Bitcoin (BTC) was trading at 113.22 million KRW on South Korea’s Upbit exchange, down 0.11% from the previous day. On global exchange Binance, BTC was priced at 114.54 million KRW, reflecting a negative price gap of 1.32 million KRW and a reverse kimchi premium of -1.15%.

Ethereum (ETH), the leading altcoin, recorded a -1.17% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -1.24%, XRP (XRP) at -1.17%, Dogecoin (DOGE) at -0.74%, and Sui (SUI) at -1.16%. Most top altcoins are currently trading with a reverse premium in the -0.7% to -1.2% range.

IT Times Kunyoung Kim ([email protected])

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