Bitcoin Trades at 1.77% Kimchi Premium in South Korea on June 5

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Bitcoin trades at 1.77% Kimchi Premium in South Korea on June 5.

As of 12:00 AM KST on June 5, Bitcoin (BTC) was trading at 146.18 million KRW on South Korea's Upbit exchange, reflecting a 0.78% decrease from the previous day. On the global exchange Binance, BTC was priced at 143.64 million KRW. This discrepancy results in a price difference of 2.54 million KRW, yielding a Kimchi Premium of 1.77%.

Ethereum (ETH), a prominent altcoin, exhibited a Kimchi Premium of 1.74%. Several other major altcoins also showed notable premiums: Solana (SOL) at 1.75%, XRP (XRP) at 1.79%, Dogecoin (DOGE) at 1.80%, and Shiba Inu (SHIB) at 1.78%. A majority of the top altcoins are currently trading with a premium ranging from 1.7% to 1.8%.

IT Times YoungHa Kim (yhkim@ittimes.com)