Bitcoin shows -2.38% reverse kimchi premium in Korean market on June 5. As of 12:00 AM KST on June 5, Bitcoin (BTC) was trading at 95.72 million KRW on South Korea’s Upbit exchange, up 0.73%
As of 12:00 AM KST on June 5, Bitcoin (BTC) was trading at 95.72 million KRW on South Korea’s Upbit exchange, up 0.73% from the previous day. On global exchange Binance, BTC was priced at 98.05 million KRW, reflecting a negative price gap of 2.33 million KRW and a reverse kimchi premium of -2.38%.
Ethereum (ETH), the leading altcoin, recorded a -2.32% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -2.47%, XRP (XRP) at -2.36%, Dogecoin (DOGE) at -2.25%, and Sui (SUI) at -2.35%. Most major altcoins are currently trading with a reverse premium in the -2.2% to -2.4% range.
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IT Times Kunyoung Kim ([email protected])
