Kimchi Premium Reaches 4.1% The Kimchi Premium, which measures the difference between the price of Bitcoin (BTC) on South Korean exchanges and on global exchanges, has risen to its highest level since May. As of August 10, the Kimchi Premium stood at 4.1%, with BTC trading at 139,413,000 won ($116,000) on Upbit, South Korea's largest cryptocurrency exchange. On Binance, a global exchange, BTC was trading at 133,894,543 won ($111,000). This represents a difference of 5,518,457 won ($4,600). The Kimchi Premium has been rising in recent weeks as demand for BTC has increased in South Korea. This is likely due to a number of factors, including the recent rally in the price of BTC, the upcoming launch of Bitcoin futures on the Korea Exchange (KRX), and the increasing popularity of cryptocurrency trading in South Korea. The high Kimchi Premium is a sign of strong demand for BTC in South Korea. It is also a reminder that the cryptocurrency market is still fragmented, with different prices for BTC in different parts of the world.

#BTC