Bitcoin Shows 5.35% Kimchi Premium in Korean Market on October 31

As of 12:00 AM KST on October 31, Bitcoin (BTC) was trading at 163.39 million KRW on South Korea’s Upbit exchange, down 0.74% from the previous day. On global exchange Binance, BTC was priced at 155.09 million KRW, resulting in a price gap of 8.3 million KRW and a Kimchi Premium of 5.35%.

Ethereum (ETH), the leading altcoin, recorded a Kimchi Premium of 5.34%. Other major altcoins also displayed similar premiums: Solana (SOL) at 5.25%, XRP (XRP) at 5.31%, Dogecoin (DOGE) at 5.67%, and Shiba Inu (SHIB) at 5.31%. Most top altcoins are currently trading with a premium in the 5.2% to 5.6%

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IT Times YoungHa Kim (yhkim@ittimes.com)