Bitcoin prices in South Korea continue to be at a premium to global markets

BlockBeats reported that on September 1, despite the recent turmoil in the cryptocurrency market, the price of Bitcoin remained at a premium in South Korea. As of 4 p.m. EST, Bitcoin was trading at $59,002 per unit, but in South Korea, the exchange rate reached $59,900, a premium of 1.52%.

This phenomenon has persisted since October 30, 2023, only falling to negative values ​​on August 22, 2024. According to Cryptoquant, the price of BTC was about $60,500 per coin that day, and then climbed to $64,000 in the next two days. Although the price in South Korea was 0.36% lower than the global average on August 22, the decline was short-lived.

August has ended, and Bitcoin is trading at a premium of 1.52% on the Korean cryptocurrency exchange Upbit, with a price of about $898 higher.