Nov 4 Kimchi Premium Briefing: BTC +0.25%, Tether +0.24%

1Today's Kimchi Premium

The Bitcoin kimchi premium is +0.25%, down 0.02 pp from 24 hours ago (+0.27%). Over the last 24 hours it ranged from a low of −0.04% to a high of +0.57%, with an average of +0.22%.

The CoinGaja Kimchi Premium Index, which reads the whole Korean market from the top 30 coins by trading value on Upbit, is +0.67% (+0.21 pp vs the previous day).

Among coins with at least ₩1 billion traded in 24 hours, the highest premiums are ERA +7.01%, BLUR +4.37%, MANTRA +3.06%. 2 of them have deposits closed on at least one Korean exchange, which likely explains much of the gap: coins are hard to bring in from abroad.

On the other side, these coins are cheaper in Korea than abroad (a reverse premium): AERO Aerodrome Finance −1.30%, LA Lagrange −0.72%, BIRB Moonbirds −0.53%.

2Tether Premium

• Newly suspended in the last 24 hours: Upbit POL (Polygon Ecosystem Token) – some networks suspended, Nov 3 20:03; Upbit GMT (Stepn) – deposits and withdrawals suspended, Nov 3 20:03; Upbit JPYC (JPY Coin) – some networks suspended, Nov 3 20:03; Bithumb POL (Polygon Ecosystem Token) – deposits and withdrawals suspended, Nov 3 20:03; Digital X VELO – deposits and withdrawals suspended, Nov 3 19:03; Digital X AERO (Aerodrome Finance) – deposits and withdrawals suspended, Nov 3 19:03; Bithumb AERO (Aerodrome Finance) – deposits and withdrawals suspended, Nov 3 18:03; Coinone APEPE – deposits and withdrawals suspended, Nov 3 18:03 and 4 more
• Reopened: Bithumb INIT – withdrawals reopened, Nov 3 17:23; Bithumb CORE – withdrawals reopened, Nov 3 13:53; Coinone ZK – deposits and withdrawals reopened, Nov 3 10:03
• Announced suspensions: Nov 5 18:00 Bithumb – Babylon (BABY): deposits and withdrawals temporarily suspended; Nov 5 18:00 Upbit – Babylon (BABY): deposits and withdrawals temporarily suspended; Nov 5 20:00 Bithumb – Algorand (ALGO): deposits and withdrawals temporarily suspended; Nov 5 20:00 Upbit – Algorand (ALGO): deposits and withdrawals temporarily suspended; Nov 5 23:00 Upbit – Base network: deposits and withdrawals temporarily suspended

When deposits are closed, coins are hard to bring in from abroad, so the kimchi premium can widen a lot. Before you send coins, check both the sending and the receiving exchange on the exchange wallet status page.

4Listings and Delistings

• New listings in the last 24 hours: None
• Delisted in the last 24 hours: None
• Investment warnings: 27 coins now; none added or lifted in the last 24 hours
• Upcoming delistings: Coinone ACX – trading ends Nov 11 15:00 KST (D-7) / Coinone 13 coins – trading ends Nov 16 15:00 KST (D-12): DATA2, EGG, FIS, HIFI, MONPRO, FANC, DELABS, SAROS, XPASS, LISA and more / Coinone GALA – trading ends Nov 19 15:00 KST (D-15) / Coinone BLUR – trading ends Nov 30 15:00 KST (D-26)

A coin set to be delisted can be traded until its end date; after that it can only be withdrawn, for the period given in the notice. The full record by date is on the listings and delistings page.