Question 1

What is the current Bitcoin (BTC) kimchi premium?

Accepted Answer

The Bitcoin kimchi premium shows the price difference between BTC on Korean exchanges (Upbit) vs global exchanges (Binance). This page tracks the real-time BTC premium with auto-refresh every 15 seconds.

Question 2

How is BTC Korea premium calculated?

Accepted Answer

BTC Korea premium (%) = ((Upbit BTC/KRW price) / (Binance BTC/USDT price × USD/KRW exchange rate) - 1) × 100. A positive value means BTC is more expensive on Korean exchanges.

Question 3

Why does Bitcoin have a different price on Korean exchanges?

Accepted Answer

Bitcoin prices on Korean exchanges like Upbit often differ from global prices due to strong domestic demand, capital movement restrictions, limited arbitrage opportunities, and the isolated nature of the Korean won (KRW) crypto market.

Question 4

Can I arbitrage BTC between Upbit and Binance?

Accepted Answer

While the BTC price difference exists, profitable arbitrage is difficult due to Korean capital controls, transfer times and fees, exchange withdrawal limits, and regulatory restrictions. The premium is better used as a market sentiment indicator.

Bitcoin (BTC) Korea Premium

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