Bitcoin Shows 0.61% Kimchi Premium in Korean Market on September 8

As of 12:00 AM KST on September 8, Bitcoin (BTC) was trading at 155.01 million KRW on South Korea’s Upbit exchange, up 0.45% from the previous day. On global exchange Binance, BTC was priced at 154.09 million KRW, resulting in a price gap of 920,000 KRW and a Kimchi Premium of 0.61%.

Ethereum (ETH), the leading altcoin, recorded a Kimchi Premium of 0.67%. Other major altcoins also displayed significant premiums: Solana (SOL) at 0.57%, XRP (XRP) at 0.58%, Dogecoin (DOGE) at 0.38%, and Shiba Inu (SHIB) at 0.63%. Most top altcoins are currently trading with a premium in the 0.3% to 0.6% range.

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IT Times Kunyoung Kim (kykim@ittimes.com)