Ethereum Kimchi Premium Live (ETH)

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Ethereum Kimchi Premium · Live (ETH)

Ethereum's kimchi premium is now +0.10%. It compares the Korean price of 3,132,000 KRW with the Binance price at the USD/KRW rate (1,341.22 KRW). Over the last 24 hours the low was -0.06%, the high +0.56% and the average +0.29%.

  • Kimchi premium (FX basis)+0.10%
  • Tether basis+0.04%
  • 24h Change+0.97%
  • 24h trading value₩67.3B
FX 1,341.22Tether 1,342 ▲ +0.06%Market $2.72T ▼ -2.07%24H Vol $63.5BBTC Dom. 59.46%F&G 51 Neutral
Base
ExchangePrice (KRW)24h ChangeKimchi Premium
Korean exchanges (4)Korean won (KRW) markets
Upbit3,132,000KRW▲ 30,000+0.97%+0.11%
Bithumb3,132,000KRW▲ 25,000+0.80%+0.11%
Coinone3,131,000KRW▲ 26,000+0.84%+0.08%
Digital X3,130,000KRW▲ 23,000+0.74%+0.04%
Global exchanges (9)Major global exchanges
Binance3,128,610KRW▲ 5,942+0.19%Base
Seychelles · $2,332.74OKX3,128,718KRW▲ 6,245+0.20%-
USA · $2,334.40Coinbase3,130,944KRW▲ 21,455+0.69%-
UAE · $2,332.86Bybit3,128,878KRW▲ 5,622+0.18%-
Global · $2,333.27Gate3,129,422KRW▲ 5,623+0.18%-
Canada · C$3,272Kraken3,125,671KRW▲ 10,591+0.34%-
Global · $2,333.29HTX3,129,449KRW▲ 2,814+0.09%-
Global · $2,332.69Bitget3,128,644KRW▲ 5,933+0.19%-
British Virgin Islands · $2,333.35Bitfinex3,129,536KRW▲ 4,687+0.15%-
Other countries (5)Asia and other countries (local currency markets)Local currency markets
Philippines · ₱148,951Coins.ph3,123,447KRW▲ 4,055+0.13%-
Thailand · ฿78,735Bitkub3,128,904KRW▲ 9,981+0.32%-
Japan · ¥368,214bitFlyer3,124,188KRW▲ 8,102+0.26%-
Indonesia · Rp42,357,000Indodax3,124,350KRW▲ 8,102+0.26%-
Australia · A$3,310BTC Markets3,123,410KRW▲ 12,754+0.41%-
Kimchi premium trend, last 24h
Loading kimchi premium records…
ETH premium (median): +0.10%Tether basis (median): +0.04%Updated 10:46:46 PMSource: Alternative.me

What is Ethereum?

The coin of the blockchain created in 2015 by Vitalik Buterin and others. It can run 'smart contracts', programs that execute automatically when conditions are met, so it is the base for services such as DeFi, NFTs and stablecoins. The 2022 'Merge' upgrade replaced mining with proof of stake, where the network is run by coins that holders lock up.

Sending coins or using services on the Ethereum network costs a fee called 'gas', paid in Ethereum. Many tokens are built on Ethereum (ERC-20), so you often choose the 'Ethereum network' when depositing to or withdrawing from an exchange. When sending Ethereum, always check that the receiver supports the same network.

Ethereum kimchi premium: recent history

The ETH kimchi premium recorded by CoinGaja every 1 hour (Binance, FX basis).

  • Last 7 days Average +0.85% · highest +1.60% (Oct 25, 00:00) · lowest +0.07% (Oct 28, 21:00) · no reverse premium (negative) in this period

Exchanges listing Ethereum

Korea: Upbit, Bithumb, Coinone, Digital X (formerly Korbit) (4 exchanges) — the main kimchi premium is the median of these exchanges' prices.

Overseas comparison: Binance, OKX, Coinbase(USA), Bybit, Gate, Kraken (Canada), HTX (formerly Huobi), Bitget, Bitfinex, Coins.ph (Philippines), Bitkub (Thailand), bitFlyer (Japan), Indodax (Indonesia), BTC Markets (Australia) — All prices by country

Based on the exchanges CoinGaja currently gets prices from. Check each exchange's notices for listings and delistings.

How to read the Ethereum kimchi premium

The kimchi premium is the percentage by which the same coin trades higher (or lower) on Korean exchanges than on overseas exchanges. Positive means Korea is more expensive; negative (a reverse premium) means Korea is cheaper. The table above compares the ETH price on Upbit, Bithumb, Coinone and Digital X (formerly Korbit) with the Binance price, and also shows prices on overseas exchanges in Japan, Thailand, the USA and more.

By 24h trading value in Korea, Ethereum currently ranks #4 of the 120 coins CoinGaja covers. The less a coin is traded, the more the price gap between exchanges and the kimchi premium can move.

New to the kimchi premium? Read What is the kimchi premium? Meaning and calculation first.

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