Data shows that BTC trading volume involving South Korean won accounted for 3.53% of the total trading volume on Saturday, ETH accounted for 1.65% of the total trading volume, and solana (SOL) accounted for 8.78% of the total trading volume.
Upbit alone processed $2.62 billion in transactions in the past 24 hours.
Major exchanges in South Korea, especially Upbit and Bithumb, are experiencing significant price premiums.
At 1:50 pm on Saturday, Bitcoin was trading at $37,985 each on Upbit, compared to the global average price of $36,700, indicating a premium of nearly $1,300 in South Korea.
Bithumb’s BTC price has also increased, with Bitcoin trading at $37,978 per coin.