Bitcoin Trades at 1.99% Kimchi Premium in South Korea on June 8

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Bitcoin exhibits a 1.99% Kimchi Premium in South Korea as of June 8.

At 12:00 AM KST on June 8, Bitcoin (BTC) was trading at 146.27 million KRW on Upbit, a prominent South Korean exchange, marking a 0.74% increase from the previous day. On Binance, a global exchange, BTC was priced at 143.42 million KRW. This price difference results in a gap of 2.85 million KRW, translating to a Kimchi Premium of 1.99%.

Ethereum (ETH), a leading altcoin, also displayed a Kimchi Premium, recorded at 1.93%. Several other major altcoins exhibited notable premiums as well: Solana (SOL) at 1.92%, Ripple (XRP) at 1.85%, Dogecoin (DOGE) at 1.96%, and Shiba Inu (SHIB) at 1.87%. Currently, a majority of the top altcoins are trading with premiums ranging from approximately 1.8% to 1.9% within the South Korean market.

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IT Times YoungHa Kim (yhkim@ittimes.com)