BTC Kimchi Premium remains above 2%, indicating a higher demand for Bitcoin in South Korea compared to the global market. Current Premiums Upbit: 145,751,000 KRW Binance: 142,916,991 KRW USDT: 1,490 KRW Key Observations Upbit continues to have the highest premium among major exchanges in South Korea. The difference between Upbit and Binance premiums is 2,834,009 KRW, highlighting the premium's significant spread between exchanges. Reason for Premium The Kimchi Premium is attributed to various factors, including: Regulatory uncertainty: South Korea's strict cryptocurrency regulations may deter investors from holding Bitcoin on foreign exchanges. High demand: South Korea has a large and active cryptocurrency market, driving up demand for Bitcoin. Arbitrage opportunities: Traders take advantage of the price differences between South Korean and global exchanges for arbitrage profits. The continued high Kimchi Premium suggests that demand for Bitcoin in South Korea remains strong despite market fluctuations.

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