Bitcoin Trades at 0.92% Kimchi Premium in South Korea on August 4

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Bitcoin trades at 0.92% Kimchi Premium in South Korea on August 4.

As of 4:00 PM KST on August 4, Bitcoin (BTC) was trading at 160.02 million KRW on the South Korean crypto exchange Upbit, marking a 0.41% increase from the previous day's price. Simultaneously, on the global exchange Binance, BTC was priced at 158.57 million KRW. This discrepancy resulted in a price difference of 1.45 million KRW, translating to a Kimchi Premium of 0.92%.

Ethereum (ETH), the leading altcoin, exhibited a Kimchi Premium of 0.81%. Several other major altcoins displayed similar premium levels: Solana (SOL) at 0.91%, XRP (XRP) at 0.91%, Dogecoin (DOGE) at 1.00%, and Shiba Inu (SHIB) at 0.89%. The majority of top altcoins are currently trading with a premium in the range of 0.8% to 1.0%.

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IT Times YoungHa Kim (yhkim@ittimes.com)