On October 11, South Korean Bitcoin experienced a "kimchi premium" of 1.32%
As of the early morning of October 11 (Korean Standard Time), the trading price of Bitcoin (BTC) on the South Korean Upbit Exchange was 11.3 million won, an increase of 0.02% from the previous trading day. On the global exchange Binance, the price of BTC is 11.154 million won, with a spread of 1.46 million won, and the "kimchi premium" is 1.32%.
Ethereum (ETH), the leading altcoin, also recorded a "kimchi premium" of 1.37%. Other major altcoins also trade at a premium, with Solana (SOL) at a premium of 1.29%, XRP at 1.38%, Dogecoin (DOGE) at 1.72%, and Sui (SUI) at 1.27%. Currently, the "kimchi premium" for most major altcoins is in the range of 1.2% to 1.7%.
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