Bitcoin trades at 1% premium on Upbit versus Binance
Bitcoin traded at a 1% premium on Upbit versus Binance’s dollar-denominated price, marking the longest sustained positive spread since early May, as kimchi premium and ETF flows take focus.
Bitcoin traded at a 1% premium on Upbit, South Korea’s largest crypto exchange, over Binance’s dollar-denominated price today, marking the longest sustained positive spread since early May.The reappearance of the so-called kimchi premium raises an immediate analytical question: Does this reflect a…