Bitcoin shows negative Kimchi Premium of 0.92% on August 14.
As of 12:00 AM KST on August 14, Bitcoin (BTC) was trading at 165.20 million KRW on South Korea’s leading cryptocurrency exchange Upbit, marking a 0.55% increase from the previous day. Meanwhile, BTC was priced at 166.73 million KRW on Binance, resulting in a price gap of -1.53 million KRW and a Kimchi Premium of -0.92%.
Ethereum (ETH), the leading altcoin, is currently showing a negative Kimchi Premium of -0.84%. Other major altcoins are also trading at discounts compared to global prices: Solana (SOL) at -0.74%, Ripple (XRP) at -0.73%, Dogecoin (DOGE) at -0.70%, and Shiba Inu (SHIB) at -0.95%. Most top altcoins are reflecting negative Kimchi Premiums in the -0.7% to -0.9% range.
