On September 13, 2023, small premiums are observed for Bitcoin and Ethereum in the Korean market compared to global exchanges.
Bitcoin Premium in the Korean Market
On the Upbit exchange, Bitcoin (BTC) is trading at 160.24 million KRW, down 0.08% from the previous day. On the global exchange Binance, BTC is priced at 160.06 million KRW, resulting in a price gap of 180,000 KRW and a Kimchi Premium of 0.11%.
Premiums of Other Altcoins
Ethereum (ETH) recorded a Kimchi Premium of 0.13%. Other major altcoins also showed notable premiums: Solana (SOL) at 0.12%, XRP (XRP) at 0.17%, Cardano (ADA) at 0.14%, and Holoworld AI (HOLO) at 0.41%. Most top altcoins are currently trading with a premium in the 0.1% to 0.4% range.
Overall Market Trends
Current industry trends indicate a steady interest in cryptocurrencies in South Korea despite minor price fluctuations. The increased premiums for Bitcoin and major altcoins may reflect specific market conditions in the region.
Thus, as of September 13, 2023, small premiums can be observed for Bitcoin, Ethereum, and other altcoins in the Korean market, highlighting investor activity and interest in cryptocurrency assets.
