Bitcoin records -2.05% reverse kimchi premium in South Korea on July 31. As of 12:00 AM KST on July 31, Bitcoin (BTC) was trading at 91.79 million KRW on South Korea's Upbit exchange, up 0.39
As of 12:00 AM KST on July 31, Bitcoin (BTC) was trading at 91.79 million KRW on South Korea's Upbit exchange, up 0.39% from the previous day. On global exchange Binance, BTC was priced at 93.71 million KRW, reflecting a negative price gap of 1.92 million KRW and a reverse kimchi premium of -2.05%.
Ethereum (ETH), the leading altcoin, recorded a -2.10% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -2.06%, XRP (XRP) at -2.12%, Dogecoin (DOGE) at -1.19%, and Sui (SUI) at -2.12%. Most major altcoins are currently trading with a reverse kimchi premium in the -1.1% to -2.1% range.
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IT Times Kunyoung Kim ([email protected])
