Bitcoin shows -2.17% reverse kimchi premium in Korean market on May 28. As of 12:00 AM KST on May 28, Bitcoin (BTC) was trading at 110.52 million KRW on South Korea’s Upbit exchange, down 1.6
As of 12:00 AM KST on May 28, Bitcoin (BTC) was trading at 110.52 million KRW on South Korea’s Upbit exchange, down 1.69% from the previous day. On global exchange Binance, BTC was priced at 112.98 million KRW, reflecting a negative price gap of 2.46 million KRW and a reverse kimchi premium of -2.17%.
Ethereum (ETH), the leading altcoin, recorded a -2.26% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -2.15%, XRP (XRP) at -2.17%, Dogecoin (DOGE) at -1.97%, and Sui (SUI) at -2.24%. Most top altcoins are currently trading with a reverse premium in the -1.9% to -2.2% range.
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IT Times Kunyoung Kim ([email protected])
