Cryptocurrency premiums recover in South Korea, with BTC trading nearly $1,300 above global average

2023-11-19 00:07

Odaily reported that according to cryptocompare data, BTC trading volume involving Korean won accounted for 3.53% of the total trading volume on Saturday, ETH accounted for 1.65% of the total trading volume, and solana (SOL) accounted for 8.78% of the total trading volume. Upbit alone processed $2.62 billion in transactions in the past 24 hours, making it the 11th largest cryptocurrency exchange this weekend. Major exchanges in South Korea, especially Upbit and Bithumb, are experiencing significant price premiums. At 1:50 pm ET on Saturday, Bitcoin was trading at $37,985 each on Upbit, compared to the global average price of $36,700, indicating a premium of nearly $1,300 in South Korea.

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