Bitcoin Shows Negative Kimchi Premium of 0.16% on August 22

As of 12:00 AM KST on August 22, Bitcoin (BTC) was trading at 158.55 million KRW on South Korea’s cryptocurrency exchange Upbit, down 0.38% from the previous day, while on Binance it was priced at 158.80 million KRW. This represents a price gap of -250,000 KRW and a Kimchi Premium of -0.16%.

Ethereum (ETH), the leading altcoin, is showing a negative Kimchi Premium of -0.14%. Other major altcoins are also trading at discounts compared to global prices: Solana (SOL) at -0.29%, Ripple (XRP) at -0.25%, Dogecoin (DOGE) at -0.23%, and Shiba Inu (SHIB) at -0.39%. Most altcoins are reflecting negative Kimchi Premiums in the -0.1% to -0.3% range.

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IT Times YoungHa Kim (yhkim@ittimes.com)