Bitcoin shows -3.42% reverse kimchi premium in Korean market on June 9. As of 12:00 AM KST on June 9, Bitcoin (BTC) was trading at 95.87 million KRW on South Korea’s Upbit exchange, up 0.47%
As of 12:00 AM KST on June 9, Bitcoin (BTC) was trading at 95.87 million KRW on South Korea’s Upbit exchange, up 0.47% from the previous day. On global exchange Binance, BTC was priced at 99.27 million KRW, reflecting a negative price gap of 3.40 million KRW and a reverse kimchi premium of -3.42%.
Ethereum (ETH), the leading altcoin, recorded a -3.43% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -3.49%, XRP (XRP) at -3.50%, Dogecoin (DOGE) at -3.51%, and Sui (SUI) at -3.47%. Most major altcoins are currently trading with a reverse premium in the -3.4% to -3.5% range.
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IT Times Kunyoung Kim ([email protected])
