Bitcoin Shows Negative Kimchi Premium of 0.14% on September 4

As of 12:00 AM KST on September 4, Bitcoin (BTC) was trading at 155.62 million KRW on South Korea’s cryptocurrency exchange Upbit, reflecting a 0.50% increase from the previous day. On Binance, the price stood slightly higher at 155.85 million KRW. This results in a price gap of -230,000 KRW and a Kimchi Premium of -0.14%.

Ethereum (ETH), the leading altcoin, is also showing a negative Kimchi Premium of -0.26%. Other major altcoins are trading at similar discounts compared to global prices: Solana (SOL) at -0.17%, Ripple (XRP) at -0.17%, and Dogecoin (DOGE) at -0.30%. In contrast, Shiba Inu (SHIB) recorded a slight positive premium of +0.10%. Overall, most altcoins are reflecting Kimchi Premiums ranging from -0.3% to +0.1%.

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IT Times YoungHa Kim (yhkim@ittimes.com)