Bitcoin and altcoins exhibit notable kimchi premiums in South Korea.

Bitcoin and altcoins exhibit notable kimchi premiums in South Korea.

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by Bayarjavkhlan Ganbaatar

a year ago

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Bitcoin continues to attract significant attention in South Korea, as evidenced by its substantial kimchi premium on local exchanges. According to the official information, as of December 2, the price disparity between South Korean and global markets highlights the growing demand for cryptocurrencies in the region.

Bitcoin Trading at Kimchi Premium

On December 2, Bitcoin was trading at a kimchi premium of 223 million KRW on Upbit, South Korea's leading cryptocurrency exchange, with a price of 12,894 million KRW. This represents a notable price gap of 281 million KRW when compared to Binance, where Bitcoin is priced at 12,613 million KRW.

Altcoins Experiencing Significant Premiums

The trend is not limited to Bitcoin alone; other altcoins such as:

  • Ethereum
  • Solana
  • XRP
  • Dogecoin
  • World Mobile Financial

также испытывают значительные премии. This surge in prices indicates a robust interest in cryptocurrencies among South Korean investors, suggesting that the local market is becoming increasingly vibrant and competitive.

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