Bitcoin Trades at 1.19% Kimchi Premium in South Korea on June 24

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Bitcoin exhibits a 1.19% Kimchi Premium in South Korea as of June 24th.

At 12:00 AM KST on June 24th, Bitcoin (BTC) was trading at 142.23 million KRW on the South Korean exchange Upbit, reflecting a 0.94% increase from the previous day. Simultaneously, on the global exchange Binance, BTC was priced at 140.56 million KRW. This price difference amounts to 1.67 million KRW, resulting in a Kimchi Premium of 1.19%.

Ethereum (ETH), the leading altcoin, demonstrated a Kimchi Premium of 1.25%. Several other prominent altcoins also showed notable premiums: Solana (SOL) at 1.22%, XRP (XRP) at 1.17%, Dogecoin (DOGE) at 1.19%, and Shiba Inu (SHIB) at 1.23%. The majority of top altcoins are currently trading with premiums ranging from 1.1% to 1.2%.

IT Times YoungHa Kim (yhkim@ittimes.com)