Bitcoin Shows 1.08% Kimchi Premium in Korean Market on September 7

As of 12:00 AM KST on September 7, Bitcoin (BTC) was trading at 155.3 million KRW on South Korea's Upbit exchange, up 0.24% from the previous day. On global exchange Binance, BTC was priced at 153.64 million KRW, resulting in a price gap of 1.66 million KRW and a Kimchi Premium of 1.08%.

Ethereum (ETH), the leading altcoin, recorded a Kimchi Premium of 1.11%. Other major altcoins also displayed premiums in the 1.0–1.2% range: Solana (SOL) at 1.09%, XRP (XRP) at 1.17%, Dogecoin (DOGE) at 1.15%, and Shiba Inu (SHIB) at 1.19%.

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IT Times YoungHa Kim (yhkim@ittimes.com)