Bitcoin Trades at 2.07% Kimchi Premium in South Korea on June 6

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Bitcoin exhibits a 2.07% Kimchi Premium in South Korea as of June 6th.

At 12:00 AM KST on June 6th, Bitcoin (BTC) was trading at 144.8 million KRW on South Korea's Upbit exchange, marking a slight decrease of 0.28% from the previous day. On the global exchange Binance, BTC was priced at 141.87 million KRW. This discrepancy results in a price difference of 2.93 million KRW, leading to a Kimchi Premium of 2.07%.

Ethereum (ETH), a prominent altcoin, showed a Kimchi Premium of 2.20%. Other significant altcoins demonstrated comparable premiums: Solana (SOL) at 2.08%, XRP (XRP) at 2.14%, Dogecoin (DOGE) at 2.07%, and Shiba Inu (SHIB) at 2.23%. The majority of top altcoins are currently trading with a premium in the range of 2.0% to 2.2%.

IT Times YoungHa Kim (yhkim@ittimes.com)