Bitcoin Shows 4.49% Kimchi Premium in Korean Market on October 22

As of 12:00 AM KST on October 22, Bitcoin (BTC) was trading at 167.86 million KRW on South Korea’s Upbit exchange, up 1.17% from the previous day. On global exchange Binance, BTC was priced at 160.65 million KRW, resulting in a price gap of 7.21 million KRW and a Kimchi Premium of 4.49%.

Ethereum (ETH), the leading altcoin, recorded a Kimchi Premium of 4.43%. Other major altcoins also showed strong premiums: Solana (SOL) at 4.43%, XRP (XRP) at 4.56%, Dogecoin (DOGE) at 4.14%, and Shiba Inu (SHIB) at 4.12%. Most top altcoins are currently trading with a premium in the 4.1% to 4.5% range.

Join Our Telegram Channel for Breaking News

IT Times YoungHa Kim (yhkim@ittimes.com)