Bitcoin Shows 3.56% Kimchi Premium in Korean Market on October 26

As of 12:00 AM KST on October 26, Bitcoin (BTC) was trading at 166.29 million KRW on South Korea's Upbit exchange, up 0.35% from the previous day. On global exchange Binance, BTC was priced at 160.58 million KRW, resulting in a price gap of 5.71 million KRW and a Kimchi Premium of 3.56%.

Ethereum (ETH), the leading altcoin, recorded a Kimchi Premium of 3.61%. Other major altcoins also displayed similar premiums: Solana (SOL) at 3.52%, XRP (XRP) at 3.58%, Dogecoin (DOGE) at 3.38%, and Shiba Inu (SHIB) at 3.97%. Most top altcoins are currently trading with a premium in the 3.3% to 3.9% range on October 26.

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IT Times YoungHa Kim (yhkim@ittimes.com)