Bitcoin Shows 1.75% Kimchi Premium in Korean Market on November 11

As of 12:00 AM KST on November 11, Bitcoin (BTC) was trading at 155.23 million KRW on South Korea’s Upbit exchange, down 0.17% from the previous day. On global exchange Binance, BTC was priced at 152.56 million KRW, reflecting a price gap of 2.67 million KRW and a kimchi premium of 1.75%.

Ethereum (ETH), the leading altcoin, recorded a kimchi premium of 1.80%. Other major altcoins showed similar premiums: Solana (SOL) at 1.82%, XRP (XRP) at 1.68%, Dogecoin (DOGE) at 1.48%, and Shiba Inu (SHIB) at 1.87%. Most top altcoins are currently trading with a premium in the 1.4% to 1.8% range.

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IT Times YoungHa Kim (yhkim@ittimes.com)