Bitcoin Shows 4.07% Kimchi Premium in Korean Market on October 30

As of 12:00 AM KST on October 30, Bitcoin (BTC) was trading at 166.56 million KRW on South Korea’s Upbit exchange, down 1.02% from the previous day. On global exchange Binance, BTC was priced at 160.05 million KRW, reflecting a price gap of 6.51 million KRW and a Kimchi Premium of 4.07%.

Ethereum (ETH), the leading altcoin, recorded a Kimchi Premium of 4.08%. Other major altcoins also showed strong premiums: Solana (SOL) at 4.02%, XRP (XRP) at 3.99%, Dogecoin (DOGE) at 4.29%, and Shiba Inu (SHIB) at 4.55%. Most top altcoins are currently trading with premiums in the 3.9% to 4.5% range.

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IT Times YoungHa Kim (yhkim@ittimes.com)