Bitcoin's Kimchi premium deepens to -3.6%

The "reverse premium" for Bitcoin in South Korea, where the asset trades at a discount to global markets, is intensifying. According to data from KIMPGA, the Kimchi premium stood at approximately -3.575% this morning. The domestic price for BTC was around 104,220,000 won, compared to a global price of 108,060,425 won based on Binance data and the current exchange rate. As CoinNess reported on June 1, the premium had already fallen to -2.7%, marking its lowest point since March 2022.