Bitcoin Records -0.42% Reverse Kimchi Premium in South Korea on August 9

Bitcoin records -0.42% reverse kimchi premium in South Korea on August 9. As of 12:00 AM KST on August 9, Bitcoin (BTC) was trading at 91.53 million KRW on South Korea's Upbit exchange, up 0.21% from the previous day. On global exchange Binance, BTC was priced at 91.91 million KRW, reflecting a negative price gap of 380,000 KRW and a reverse kimchi premium of -0.42%.

Ethereum (ETH), the leading altcoin, recorded a -0.44% reverse kimchi premium. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -0.61%, XRP (XRP) at -0.43%, Dogecoin (DOGE) at -0.55%, and Sui (SUI) at -0.46%. Most major altcoins are currently trading with a reverse kimchi premium in the -0.4% to -0.6% range.

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IT Times Kunyoung Kim ([email protected])