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Bitcoin shows -2.57% reverse kimchi premium in Korean market on June 2. 
As of 12:00 AM KST on June 2, Bitcoin (BTC) was trading at 104.49 million KRW on South Korea’s Upbit exchange, down 3.64% from the previous day. On global exchange Binance, BTC was priced at 107.25 million KRW, reflecting a negative price gap of 2.76 million KRW and a reverse kimchi premium of -2.57%.
Ethereum (ETH), the largest altcoin by market capitalization, recorded a kimchi premium of -2.63%. Other major altcoins also traded at discounts to global prices, with Solana (SOL) at -2.55%, XRP (XRP) at -2.56%, Dogecoin (DOGE) at -2.01%, and Sui (SUI) at -1.53%. Most major altcoins are currently trading at deviations ranging from a 1.5% discount to a 2.6% discount relative to global prices.
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IT Times&nbsp;Kunyoung Kim (kykim@ittimes.com)

Bitcoin Shows -2.57% Reverse Kimchi Premium in Korean Market on June 2

IT Times

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