On October 8, South Korea's Bitcoin showed a 1.61%"Kimchi Premium"
As of 12:00 am Korean Standard Time on October 8, the trading price of Bitcoin (BTC) on the South Korea Upbit Exchange was 112.89 million won, down 2.66% from the previous day. On the global exchange Binance, the price of BTC is 111.1 million won, with a spread of 1.79 million won, and the "kimchi premium" is 1.61%.
Ethereum (ETH), the leading altcoin, also recorded a "kimchi premium" of 1.62%. Other major altcoins also trade at a premium, with Solana (SOL) at a premium of 1.66%, XRP at 1.58%, Dogecoin (DOGE) at 1.76%, and Sui (SUI) at 1.53%. Currently, most major altcoins present a "kimchi premium" in the range of 1.5% to 1.7%.
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