Bitcoin Shows -0.68% Reverse Kimchi Premium in Korean Market on April 18

By IT Times
16 days ago
SOL BTC APRIL DOGE SUI
Bitcoin shows -0.68% reverse kimchi premium in Korean market on April 18.

As of 12:00 AM KST on April 18, Bitcoin (BTC) was trading at 114.19 million KRW on South Korea’s Upbit exchange, up 3.07% from the previous day. On global exchange Binance, BTC was priced at 114.97 million KRW, reflecting a negative price gap of 780,000 KRW and a reverse kimchi premium of -0.68%.

Ethereum (ETH), the leading altcoin, recorded a -0.73% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -0.66%, XRP (XRP) at -0.72%, Dogecoin (DOGE) at -0.89%, and Sui (SUI) at -0.75%. Most top altcoins are currently trading with a reverse premium in the -0.6% to -0.8% range.

IT Times Kunyoung Kim ([email protected])

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