As of 12:00 AM KST on November 5, Bitcoin (BTC) was trading at 155.3 million KRW on South Korea’s Upbit exchange, down 2.07% from the previous day. On global exchange Binance, BTC was priced at 150.43 million KRW. This resulted in a price gap of 4.87 million KRW, leading to a Kimchi Premium of 3.22%.
Altcoin Performance and Premiums
Ethereum (ETH), the leading altcoin, also recorded a 3.22% Kimchi Premium. Other major altcoins showed similar levels of premium: Solana (SOL) at 3.15%, XRP (XRP) at 3.20%, Dogecoin (DOGE) at 3.02%, and Shiba Inu (SHIB) at 2.86%. Most top altcoins were trading at premiums ranging between 2.8% and 3.2%.