South Korea's Bitcoin Premium Persists Amid Market Volatility.
Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52% premium.
https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1725157392154-YAKIHONNES3.webp
*Starting on Oct. 30, 2023 and for 297 days, BTC has witnessed a premium in South Korea. The premium jumped more than 10% in mid-March 2024. The first dip since then occured on Aug. 22, 2024, dipping 0.36%.*
As of now, Bitcoin is trading at approximately $73,513 on South Korean platforms like Upbit, while the global average price is around $69,245. This indicates a premium of about 2.23% for Bitcoin in South Korea . The premium has fluctuated, having previously fallen below 1% before rising again amid ongoing market volatility.