Bitcoin Sees 6.38% Kimchi Premium in South Korea on October 20

On October 20th, Bitcoin’s price saw a notable premium in the Korean market, reaching a 6.38% Kimchi Premium as of 12:00 AM KST. On Upbit exchange, BTC was trading at 164.04 million KRW, showing a small gain of 0.25% compared to the previous day. Meanwhile, on Binance, BTC reached 154.20 million KRW, resulting in a price gap of 9.84 million KRW and the corresponding Kimchi Premium. This suggests a significant difference between the Bitcoin’s trading value on Korean exchanges compared to global platforms.