Cryptocurrency premiums recover in South Korea, with BTC trading nearly $1,300 above global average

According to cryptocompare data, on Saturday, BTC trading volume involving the South Korean won accounted for 3.53% of the total trading volume, ETH accounted for 1.65% of the total trading volume, and solana (SOL) accounted for 8.78% of the total trading volume. Only Upbit processed $2.62 billion in transactions in the past 24 hours, making it the 11th largest cryptocurrency exchange this weekend.

Major exchanges in South Korea, especially Upbit and Bithumb, are experiencing significant price premiums. At 1:50 pm Eastern Time on Saturday, the <a href="/calculator/bitcoin-to-usd" https: www.bitget.com spot BTCUSDT">BTCUSDT">bitcoin trading price on Upbit was $37,985 per coin, while the global average price was $36,700, indicating a premium of nearly $1,300 in South Korea.