Bitcoin Shows 1.02% Kimchi Premium in Korean Market on September 17

As of 12:00 AM KST on September 17, Bitcoin (BTC) was trading at 160.7 million KRW on South Korea's Upbit exchange, down 0.01% from the previous day. On global exchange Binance, BTC was priced at 159.08 million KRW, resulting in a price gap of 1.62 million KRW and a Kimchi Premium of 1.02%.

Ethereum (ETH), the leading altcoin, recorded a Kimchi Premium of 1.13%. Other major altcoins also displayed notable premiums: Solana (SOL) at 1.03%, XRP (XRP) at 1.01%, Dogecoin (DOGE) at 1.40%, and Shiba Inu (SHIB) at 1.49%. Most top altcoins are currently trading with a premium in the 1.0% to 1.4% range.

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IT Times YoungHa Kim (yhkim@ittimes.com)