South Korean Exchanges Show BTC Is Cheaper Than Global Index This Weekend

CN
9 hours ago

At the time of writing, South Korea’s going rate doesn’t quite line up with the global average. Archived stats from coinmarketcap.com peg bitcoin at $115,514, while Upbit, at the same time, lists it at $115,133. That gap makes BTC about 0.33% cheaper in Korean won compared with the weighted global tally across major exchanges.

That’s a slight improvement from yesterday, when cryptoquant.com data showed the discount hovering near 0.57% on Saturday. But rewind eight days to Sept. 6, and bitcoin was actually fetching a premium of a touch above a percentage point. Just three days earlier, on Sept. 3, it flipped again — instead of a 1% premium, bitcoin was trading at a 0.65% discount.

South Korean Exchanges Show BTC Is Cheaper Than Global Index This Weekend

Source: Cryptoquant.com’s Bitcoin Korea Premium Index on Sept. 14, 2025, over a 30-day timeframe.

The swings have been so rapid that even the nimblest arbitrageurs would struggle to keep pace. For example, over the past 30 days, the discount dipped to 1.58% on Aug. 22, only to flip into a 2.02% premium just three days later. Lately, September’s discounts and premiums have been more subdued, though still present.

That contrasts with the stretch from December 2024 through early July 2025, when bitcoin in South Korea mostly carried a steady premium with only minor dips. Back in February 2025, the premium even cracked past 8%. Meanwhile, Cryptoquant’s Coinbase Premium Index now shows a slim 0.04% premium over BTC’s price on Binance.

A hefty South Korean won premium often hints at heavy buying pressure from Korean retail traders, but in Coinbase’s case, a higher reading can signal stronger demand from U.S. investors flocking to the exchange. On Sunday, BTC hovers just under the $116,000 mark, yet it’s still nestling nearly 4% higher compared with a week ago. By 6:30 p.m. Eastern on Sunday, BTC was $115,923 while Upbit’s exchange rate was $115,596 in won.

The ebb and flow between premiums and discounts highlights how sentiment and liquidity can shift quickly across borders, shaping opportunities for sharp-eyed traders. These swings reveal more than simple price quirks—they reflect how regional demand, global exchange flows, and investor appetite collide, creating a market rhythm that never truly stays predictable for long.

Right now, sideways action rules the stage, with neither side holding a clear advantage. The next decisive move will depend on whether bears wrestle control or bulls seize momentum, setting the tone for bitcoin’s next chapter in this ever-shifting tug-of-war. In terms of South Korea’s price disparity, its shifting premiums and discounts often run ahead of the global market’s pulse.

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