Bitcoin Shows 3.51% Kimchi Premium in Korean Market on November 6

As of 12:00 AM KST on November 6, Bitcoin (BTC) was trading at 154.1 million KRW on South Korea’s Upbit exchange, up 0.81% from the previous day. On global exchange Binance, BTC was priced at 148.87 million KRW, reflecting a price gap of 5.23 million KRW and a Kimchi Premium of 3.51%.

Ethereum (ETH), the leading altcoin, recorded a Kimchi Premium of 3.55%. Other major altcoins also showed strong premiums: Solana (SOL) at 3.45%, XRP (XRP) at 3.43%, Dogecoin (DOGE) at 3.20%, and Shiba Inu (SHIB) at 4.11%. Most top altcoins are currently trading with premiums in the 3.2% to 4.1% range.

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IT Times YoungHa Kim (yhkim@ittimes.com)