Bitcoin shows -1.96% reverse kimchi premium in Korean market on July 2. As of 12:00 AM KST on July 2, Bitcoin (BTC) was trading at 90.50 million KRW on South Korea’s Upbit exchange, up 1.36%
As of 12:00 AM KST on July 2, Bitcoin (BTC) was trading at 90.50 million KRW on South Korea’s Upbit exchange, up 1.36% from the previous day. On global exchange Binance, BTC was priced at 92.31 million KRW, reflecting a negative price gap of 1.81 million KRW and a reverse kimchi premium of -1.96%.
Ethereum (ETH), the leading altcoin, recorded a -1.92% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -1.95%, XRP (XRP) at -1.94%, Dogecoin (DOGE) at -2.44%, and Sui (SUI) at -1.91%. Most major altcoins are currently trading with a reverse premium in the -1.9% to -2.4% range.
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IT Times Kunyoung Kim ([email protected])
