Bitcoin shows -1.69% reverse kimchi premium in Korean market on May 31. As of 12:00 AM KST on May 31, Bitcoin (BTC) was trading at 109.53 million KRW on South Korea’s Upbit exchange, up 0.68%
As of 12:00 AM KST on May 31, Bitcoin (BTC) was trading at 109.53 million KRW on South Korea’s Upbit exchange, up 0.68% from the previous day. On global exchange Binance, BTC was priced at 111.41 million KRW, reflecting a negative price gap of 1.88 million KRW and a reverse kimchi premium of -1.69%.
Ethereum (ETH), the leading altcoin, recorded a -1.75% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -1.75%, XRP (XRP) at -1.72%, and Dogecoin (DOGE) at -1.67%. Sui (SUI), however, traded at a 0.26% premium. Most major altcoins are currently trading with premiums ranging from -1.7% to 0.2%.
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IT Times Kunyoung Kim ([email protected])
