As of September 6, 2023, Bitcoin and Ethereum demonstrate varying Kimchi premium values in the South Korean market, reflecting ongoing price fluctuations in cryptocurrencies.
Bitcoin Kimchi Premium
As of 12:00 AM KST on September 6, Bitcoin (BTC) was trading at 155.01 million KRW on South Korea's Upbit exchange, down 0.26% from the previous day. On global exchange Binance, BTC was priced at 153.41 million KRW, resulting in a price gap of 1.60 million KRW and a Kimchi Premium of 1.04%.
Kimchi Premium of Other Altcoins
Ethereum (ETH), the leading altcoin, recorded a Kimchi Premium of 1.05%. Other major altcoins also displayed notable premiums: Solana (SOL) at 0.95%, XRP (XRP) at 1.00%, Dogecoin (DOGE) at 1.10%, and Shiba Inu (SHIB) at 0.99%. Most top altcoins are currently trading with a premium in the 0.9% to 1.1% range.
Market Trends
The current situation in the prepared market shows that many cryptocurrencies remain within premium ranges, indicating ongoing trading differences between local and global markets.
The situation in the South Korean cryptocurrency market continues to demonstrate significant price gaps, indicating the dynamics of demand for crypto assets in the region.
