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XRP Reverse kimchi premium appears in South Korea's cryptocurrency market
On July 30, Bitcoin recorded a reverse kimchi premium of-1.46% in the Korean market.
Major Currency Market Data
As of 0:00 on July 30, Korean Standard Time, the trading price of Bitcoin on the Upbit Exchange in South Korea was 92.07 million won, down 0.65% from the previous trading day. On the global trading platform Binhang, the price of Bitcoin is 93.44 million won, and there is a negative price difference of 1.37 million won between the two, corresponding to a reverse kimchi premium of-1.46%.
The reverse kimchi premium for the mainstream altcoin Ethereum is-1.52%. Other major altcoins also show lower prices than global prices: Solana is-1.48%, Ripple is-1.39%, Dogecoin is-1.27%, and Sui is-1.61%. Currently, the reverse kimchi premium for most mainstream altcoins remains in the range of-1.2% to-1.6%.
