Bitcoin Shows 3.48% Kimchi Premium in Korean Market on November 7

As of 12:00 AM KST on November 7, Bitcoin (BTC) was trading at 153.04 million KRW on South Korea’s Upbit exchange, down 1.91% from the previous day. On global exchange Binance, BTC was priced at 147.89 million KRW, reflecting a price gap of 5.15 million KRW and a Kimchi Premium of 3.48%.

Ethereum (ETH), the leading altcoin, recorded a Kimchi Premium of 3.50%. Other major altcoins also showed similar premiums: Solana (SOL) at 3.56%, XRP (XRP) at 3.54%, Dogecoin (DOGE) at 3.55%, and Shiba Inu (SHIB) at 3.87%. Most top altcoins are currently trading with a premium in the 3.5% to 3.8% range.

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IT Times YoungHa Kim (yhkim@ittimes.com)