Bitcoin shows -1.75% reverse kimchi premium in Korean market on June 8. As of 12:00 AM KST on June 8, Bitcoin (BTC) was trading at 93.71 million KRW on South Korea’s Upbit exchange, up 1.24%
As of 12:00 AM KST on June 8, Bitcoin (BTC) was trading at 93.71 million KRW on South Korea’s Upbit exchange, up 1.24% from the previous day. On global exchange Binance, BTC was priced at 95.37 million KRW, reflecting a negative price gap of 1.66 million KRW and a reverse kimchi premium of -1.75%.
Ethereum (ETH), the leading altcoin, recorded a -1.81% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -1.88%, XRP (XRP) at -1.80%, Dogecoin (DOGE) at -1.01%, and Sui (SUI) at -1.86%. Most major altcoins are currently trading with a reverse premium in the -1.0% to -1.8% range.
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IT Times Kunyoung Kim ([email protected])
