Bitcoin Trades at 1.55% Kimchi Premium in South Korea: May 24

On May 24, Bitcoin’s price on South Korea’s Upbit exchange was recorded at 152.35 million KRW, a drop of 1.62% from the previous day. This translates to a 1.55% Kimchi Premium. Meanwhile, on Binance, BTC is trading at 150.02 million KRW, resulting in a price difference of 2.33 million KRW and a Kimchi Premium of 1.55%. Ethereum (ETH) also exhibited a notable Kimchi Premium of 1.67%, while other major altcoins such as Solana (SOL), XRP (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) displayed premiums ranging from 1.5% to 1.8%.