Bitcoin Shows -2.08% Reverse Kimchi Premium in Korean Market on May 27

As of 12:00 AM KST on May 27, Bitcoin (BTC) was trading at 113.71 million KRW on South Korea’s Upbit exchange, down 1.03% from the previous day. On global exchange Binance, BTC was priced at 116.13 million KRW, reflecting a negative price gap of 2.42 million KRW and a reverse kimchi premium of -2.08%.

Ethereum (ETH), the leading altcoin, recorded a -2.02% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -2.19%, XRP (XRP) at -2.13%, Dogecoin (DOGE) at -2.10%, and Sui (SUI) at -2.19%. Most top altcoins are currently trading with a reverse premium in the -2.0% to -2.1% range.

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IT Times Kunyoung Kim ([email protected])