Bitcoin Trades with 6.52% Kimchi Premium in Korean Market on October 12

As of 12:00 AM KST on October 12, Bitcoin (BTC) was trading at 170.59 million KRW on South Korea’s Upbit exchange, down 0.97% from the previous day. On global exchange Binance, BTC was priced at 160.15 million KRW, reflecting a price gap of 10.44 million KRW and a Kimchi Premium of 6.52%.

Ethereum (ETH), the leading altcoin, showed a 6.61% Kimchi Premium. Other major altcoins also displayed significant premiums: Solana (SOL) at 6.62%, XRP (XRP) at 6.50%, Dogecoin (DOGE) at 6.72%, and Shiba Inu (SHIB) at 7.10%. Most top altcoins are currently trading with a premium in the 6.5% to 7.1% range.

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IT Times YoungHa Kim (yhkim@ittimes.com)