Bitcoin Trades at 1.37% Kimchi Premium in South Korea on June 22

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Bitcoin is exhibiting a Kimchi Premium of 1.37% in South Korea as of June 22nd.

At 12:00 AM KST on June 22nd, Bitcoin (BTC) was trading at ₩44.29 million on the South Korean exchange Upbit, a slight increase of 0.23% compared to the previous day. On Binance, BTC was priced at ₩42.34 million. This price difference results in a gap of ₩1.95 million, translating to the aforementioned Kimchi Premium of 1.37%.

Ethereum (ETH), a prominent altcoin, is also showing a Kimchi Premium, measured at 1.34%. Several other major altcoins are experiencing comparable premiums, including: Solana (SOL) at 1.42%, XRP at 1.40%, Dogecoin (DOGE) at 1.39%, and Shiba Inu (SHIB) at 1.28%. Currently, a majority of the top altcoins are trading with premiums ranging between 1.2% and 1.4%.