Bitcoin’s Kimchi Premium Soars at 4.09% in Korean Market

On October 25th, Bitcoin witnessed a notable surge in the South Korean market, showcasing a Kimchi premium of 4.09%. At 12:00 AM KST on that day, BTC traded at 165.16 million KRW on Upbit exchange, marking a 0.91% rise from the previous day. This movement resulted in a price gap of 6.48 million KRW between Bitcoin and Binance’s offering. Bitcoin’s premium reflects a significant Kimchi Premium of 4.09%, signifying a notable disparity in its pricing compared to global exchanges. Ethereum, the leading altcoin, followed suit with a premium of 4.17%. Other major altcoins also displayed notable premiums: Solana (SOL) at 4.15%, XRP (XRP) at 4.08%, Dogecoin (DOGE) at 4.06%, and Shiba Inu (SHIB) at 3.77%. These trends highlight that the majority of top altcoins are currently trading with premiums ranging from 3.7% to 4.1%.