On August 22, Bitcoin in the Korean market recorded a reverse kimchi premium of-0.96%
As of 0:00 a.m. Korean Standard Time on August 22, Bitcoin (BTC) was quoted at 106.37 million won on the South Korean Upbit Exchange, up 5.75% from the previous trading day. On the global trading platform Binhang, the price of BTC is 107.4 million won, the price difference between the two is-1.03 million won, and the reverse kimchi premium is-0.96%.
Mainstream altcoin Ethereum (ETH) recorded a reverse kimchi premium of-0.92%. Other major altcoins are also below global prices: Solana (SOL) is-0.97%, XRP (XRP) is-0.92%, Dogecoin (DOGE) is-0.72%, and Sui (SUI) is-0.93%. At present, the reverse kimchi premium of most mainstream altcoins is concentrated between-0.7% and-0.9%.

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