Bitcoin Trades at 1.52% Kimchi Premium in South Korea on June 9

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On June 9th, Bitcoin is exhibiting a Kimchi Premium of 1.52% in the South Korean market.

At 12:00 AM KST, Bitcoin (BTC) was trading at ₩146.13 million on Upbit, a prominent South Korean exchange. This represents a slight decrease of 0.26% compared to the previous day's trading value. In contrast, on the global exchange Binance, BTC was priced at ₩143.94 million. This price discrepancy of ₩2.19 million results in the aforementioned Kimchi Premium of 1.52%.

Ethereum (ETH), a leading altcoin, is also experiencing a similar trend, with a Kimchi Premium of 1.58%. Several other major altcoins are trading with comparable premiums, including Solana (SOL) at 1.53%, XRP (XRP) at 1.51%, Dogecoin (DOGE) at 1.48%, and Shiba Inu (SHIB) at 1.56%. Currently, the majority of top altcoins are being traded with premiums ranging from 1.4% to 1.5%.