Bitcoin Sees South Korean Crypto Premium Climb, Ethereum & Altcoins Follow Suit

A surge in Bitcoin trading on the Upbit exchange led to a premium of 1.38% over Binance as of May 1st. This is reflected in the price difference between Bitcoin (BTC) listed on these exchanges: 135.49 million KRW on Upbit versus 133.65 million KRW on Binance, resulting in a gap of 1.84 million KRW. Ethereum (ETH), the leading altcoin, exhibits a Kimchi Premium of 1.42%. Other major altcoins are displaying similar premiums: Solana (SOL) at 1.44%, Ripple (XRP) at 1.45%, Dogecoin (DOGE) at 1.45%, and Shiba Inu (SHIB) at 1.47%.