Bitcoin shows -1.68% reverse kimchi premium in Korean market on June 7. As of 12:00 AM KST on June 7, Bitcoin (BTC) was trading at 92.47 million KRW on South Korea’s Upbit exchange, down 0.57
As of 12:00 AM KST on June 7, Bitcoin (BTC) was trading at 92.47 million KRW on South Korea’s Upbit exchange, down 0.57% from the previous day. On global exchange Binance, BTC was priced at 94.05 million KRW, reflecting a negative price gap of 1.58 million KRW and a reverse kimchi premium of -1.68%.
Ethereum (ETH), the leading altcoin, recorded a -1.75% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -1.75%, XRP (XRP) at -1.79%, Dogecoin (DOGE) at -2.26%, and Sui (SUI) at -1.54%. Most major altcoins are currently trading with a reverse premium in the -1.5% to -2.2% range.
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IT Times Kunyoung Kim ([email protected])
