Bitcoin shows -2.59% reverse kimchi premium in Korean market on June 3. As of 12:00 AM KST on June 3, Bitcoin (BTC) was trading at 99.87 million KRW on South Korea’s Upbit exchange, down 4.09
As of 12:00 AM KST on June 3, Bitcoin (BTC) was trading at 99.87 million KRW on South Korea’s Upbit exchange, down 4.09% from the previous day. On global exchange Binance, BTC was priced at 102.52 million KRW, reflecting a negative price gap of 2.65 million KRW and a reverse kimchi premium of -2.59%.
Ethereum (ETH), the leading altcoin, recorded a -2.66% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -2.73%, XRP (XRP) at -2.66%, Dogecoin (DOGE) at -2.09%, and Sui (SUI) at -2.66%. Most major altcoins are currently trading with a reverse premium in the -2.0% to -2.7% range.
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IT Times Kunyoung Kim ([email protected])
