LIVE
Kimchi Premium
The live gap between the Korean BTC market and the global market. Positive = Korean buyers paying more.
Current Premium
-1.45%
Last updated: Jul 16, 2026, 20:45:29 KST
Upbit BTC/KRW
₩94,254,000
Binance BTC/USDT
$64,262.09
USD/KRW
₩1,488.31
What is the kimchi premium?
The kimchi premium is the price difference between BTC on Korean exchanges (Upbit, Bithumb) and BTC on global exchanges (Binance, Coinbase). Korean exchanges are largely closed to non-Korean buyers, so the KRW-denominated price often trades at a premium (or occasionally a discount) versus the global USD price. Traders watch it as a proxy for Korean retail sentiment and cross-border capital flows.
How to read it
- Positive premium — Korean buyers paying more than global rate. Historically a bullish sentiment signal, but sustained premiums above 5% often preceded local tops.
- Negative premium — Korean price below global rate. Rare; can indicate Korean retail exit or capital controls pressure.
- Near-zero premium — Korean and global markets in alignment. Normal condition.
Live data: Upbit, Binance, exchangerate-api.com · Refreshes every 60 seconds