Cryptocurrency Market Overview

As of 12:00 AM KST on November 9, Bitcoin (BTC) was trading at 151.91 million KRW on South Korea’s Upbit exchange, marking a 1.26% decrease from the previous day. In contrast, on the global exchange Binance, BTC was priced at 148.26 million KRW. This price difference amounts to 3.65 million KRW, resulting in a kimchi premium of 2.46%.

Altcoin Premiums

Ethereum (ETH), the leading altcoin, also exhibited a kimchi premium, recorded at 2.49%. Other prominent altcoins demonstrated comparable premiums: Solana (SOL) at 2.50%, XRP (XRP) at 2.56%, Dogecoin (DOGE) at 2.35%, and Shiba Inu (SHIB) at 2.78%. The majority of top altcoins are presently trading with premiums within the 2.3% to 2.7% range.