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XRP South Korea's Bitcoin market reproduces a negative kimchi premium
On July 27, Bitcoin recorded a negative kimchi premium of-0.27% in the South Korean market. As of 0:00 a.m. Korean Standard Time on July 27, Bitcoin's offer on the South Korean Upbit Exchange was 94.1 million won, up 0.19% from the previous trading day. On the global trading platform Binhang, Bitcoin was traded at a price of 94.67 million won. There was a negative price difference of 260,000 won between the two, and the reverse kimchi premium was-0.27%.
Mainstream altcoins generally show negative premiums
Mainstream altcoin Ethereum recorded a reverse kimchi premium of-0.23%. Other major altcoins are also generally lower than the global price, including Solana at-0.26%, Ripple at-0.29%, Dogecoin at-0.64%, and Sui at-0.23%. Currently, the reverse kimchi premium of most mainstream altcoins is concentrated in the range of-0.2% to-0.6%.
