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Bitcoin Trades at 1.24% Kimchi Premium in South Korea on June 13

As of 12:00 AM KST on June 13, Bitcoin (BTC) was trading at 147.82 million KRW on South Korea's Upbit exchange. This represents a decrease of 1.26% compared to the previous day's trading price.

On the Binance exchange, BTC was priced at 146.01 million KRW. This price disparity results in a difference of 1.81 million KRW, indicating a Kimchi Premium of 1.24% in the South Korean market.

Ethereum (ETH), the leading altcoin, is also exhibiting a Kimchi Premium of 1.24%. Several other major altcoins are recording similar premiums, including: Solana (SOL) at 1.27%, XRP (XRP) at 1.21%, Dogecoin (DOGE) at 1.25%, and Shiba Inu (SHIB) at 1.26%. The majority of top altcoins are currently trading with premiums hovering around the 1.2% range.

IT Times YoungHa Kim (yhkim@ittimes.com)