On May 30th, Bitcoin traded at a premium of 1.49%, known as the ‘Kimchi Premium,’ in South Korea according to data from Upbit exchange. At 12:00 AM KST, BTC was trading at 149.86 million KRW, down 0.28% compared to the previous day. Meanwhile, on global exchange Binance, BTC reached 147.66 million KRW, resulting in a price gap of 2.2 million KRW and a Kimchi Premium of 1.49%. South Korea’s cryptocurrency market experienced notable premiums on other altcoins as well; Ethereum (ETH) at 1.37%, Solana (SOL) at 1.48%, XRP (XRP) at 1.41%, Dogecoin (DOGE) at 1.49%, and Shiba Inu (SHIB) at 1.54%. Altcoins are generally trading with a premium between 1.3% to 1.5% in the South Korean market.