Bitcoin Trades at 0.95% Kimchi Premium in South Korea on June 18

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Bitcoin trades at a 0.95% Kimchi Premium in South Korea on June 18.

As of 12:00 AM KST on June 18, Bitcoin (BTC) was trading at ₩145 million on South Korea's Upbit exchange, reflecting a 1.14% decrease from the previous day. On the global exchange Binance, BTC was priced at ₩143.64 million. This price discrepancy results in a difference of ₩1.36 million, leading to a Kimchi Premium of 0.95%.

Ethereum (ETH), the leading altcoin, demonstrated a Kimchi Premium of 0.89%. Several other prominent altcoins also exhibited noticeable premiums: Solana (SOL) at 0.96%, XRP (XRP) at 0.81%, Dogecoin (DOGE) at 0.93%, and Shiba Inu (SHIB) at 0.95%. The majority of top altcoins are currently trading with premiums in the range of 0.8% to 0.9%.

IT Times YoungHa Kim (yhkim@ittimes.com)