Editor's PiCK
'Reverse Premium' Phenomenon Occurs at Korean Virtual Asset Exchanges such as Upbit
Summary
- It was reported that the reverse premium phenomenon has occurred at domestic virtual asset exchanges.
- It was stated that Bitcoin is trading about 0.7%~0.78% cheaper compared to the global price.
- It was reported that some virtual assets, including MetisDAO, Gnosis, and Newton Protocol, are recording a reverse premium of over 1%.
A reverse premium phenomenon has occurred at domestic virtual asset (cryptocurrency) exchanges, where trading is taking place at prices lower than global prices.
According to data from the domestic virtual asset data platform Kimpga on the 9th, the price of Bitcoin at local cryptocurrency exchanges is about 0.7% cheaper compared to global prices.
Currently, the price of Bitcoin in the Upbit KRW market is 148,350,000 KRW, which is about 0.78% cheaper than the Binance Tether (USDT) market price of 149,510,000 KRW. The price of Bitcoin in the Bithumb KRW market is also 148,370,000 KRW, similar to Upbit.
Some cryptocurrencies such as MetisDAO (METIS), Gnosis (GNO), and Newton Protocol (NEWT) are recording a reverse premium of over 1%.
YM Lee
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