Bitcoin Shows 4.16% Kimchi Premium in Korean Market on November 3

As of 12:00 AM KST on November 3, Bitcoin (BTC) was trading at 164.36 million KRW on South Korea’s Upbit exchange, up 0.22% from the previous day. On global exchange Binance, BTC was priced at 157.80 million KRW, reflecting a price gap of 6.56 million KRW and a Kimchi Premium of 4.16%.

Ethereum (ETH), the leading altcoin, recorded a 4.19% Kimchi Premium. Other major altcoins also showed similar premiums: Solana (SOL) at 4.20%, XRP (XRP) at 4.23%, Dogecoin (DOGE) at 4.44%, and Shiba Inu (SHIB) at 4.33%. Most top altcoins are currently trading with premiums ranging between 4.1% and 4.4%.

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IT Times YoungHa Kim (yhkim@ittimes.com)