Bitcoin shows -1.25% reverse kimchi premium in Korean market on May 30. As of 12:00 AM KST on May 30, Bitcoin (BTC) was trading at 108.22 million KRW on South Korea’s Upbit exchange, down 0.2
As of 12:00 AM KST on May 30, Bitcoin (BTC) was trading at 108.22 million KRW on South Korea’s Upbit exchange, down 0.23% from the previous day. On global exchange Binance, BTC was priced at 109.59 million KRW, reflecting a negative price gap of 1.37 million KRW and a reverse kimchi premium of -1.25%.
Ethereum (ETH), the leading altcoin, recorded a -1.22% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -1.10%, XRP (XRP) at -1.20%, Dogecoin (DOGE) at -0.91%, and Sui (SUI) at -1.31%. Most top altcoins are currently trading with a reverse premium in the -0.9% to -1.3% range.
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IT Times Kunyoung Kim ([email protected])
