Bitcoin’s Kimchi Premium Soars to 2.73% in South Korean Market

On November 8th, Bitcoin enjoyed a notable surge in the South Korean market, showcasing a 2.73% Kimchi premium on Upbit exchange as it traded at 151.01 million KRW. This movement comes despite a slight dip of 0.26% compared to the previous day. Meanwhile, on Binance, Bitcoin stood at 147 million KRW, resulting in a price difference of 4.01 million KRW and reflecting the Kimchi Premium’s significant presence. Ethereum (ETH) also saw a notable premium with a 2.70% Kimchi Premium.