Bitcoin shows -2.14% reverse kimchi premium in Korean market on June 1. As of 12:00 AM KST on June 1, Bitcoin (BTC) was trading at 108.61 million KRW on South Korea’s Upbit exchange, down 0.7
As of 12:00 AM KST on June 1, Bitcoin (BTC) was trading at 108.61 million KRW on South Korea’s Upbit exchange, down 0.72% from the previous day. On global exchange Binance, BTC was priced at 110.99 million KRW, reflecting a negative price gap of 2.38 million KRW and a reverse kimchi premium of -2.14%.
Ethereum (ETH), the largest altcoin by market capitalization, recorded a kimchi premium of -2.15%. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -2.12%, XRP (XRP) at -2.11%, and Dogecoin (DOGE) at -1.84%. Sui (SUI), however, traded at a 0.92% premium. Most major altcoins are currently trading at deviations ranging from a 2.1% discount to a 0.9% premium relative to global prices.
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IT Times Kunyoung Kim ([email protected])
