STEEM kimchi premium: Upbit & Bithumb vs Binance
How much more (or less) STEEM costs on the Korean exchanges Upbit and Bithumb than on Binance: the KRW price converted to USDT at the Korean USDT/KRW price, against the Binance spot price. The same snapshot and USDT/KRW rate as the kimchi premium table, refreshed every minute.
On Upbit, STEEM last traded at ₩64.700, which is $0.04848 at Upbit's ₩1,334.5 per USDT, against $0.04836 on Binance: a 0.25% premium. In other words, ₩1,000,000 spent on STEEM on Upbit buys about ₩997,500 worth at Binance prices, so Korean buyers are paying up for it. That is below Upbit's volume-weighted premium of +0.50% across 170 coins, so STEEM is cheaper in Korea than the typical coin. STEEM ranks #26 of 185 by Korean 24h trading value (₩15.9B); on Bithumb its premium is -0.96%.
STEEM on Upbit and Bithumb vs Binance
as of 06:25 UTC · premium vs USDT| Venue | KRW price | USD equivalent | Binance price | Premium | KRW 24h volume |
|---|---|---|---|---|---|
| Upbit | ₩64.700 | $0.04848 | $0.04836 | +0.25% | ₩13.2B |
| Bithumb | ₩63.920 | $0.04790 | $0.04836 | -0.96% | ₩2.7B |
USD equivalent = KRW price ÷ ₩1,334.5, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot STEEM/USDT market. STEEM is #26 of 185 coins by combined Upbit + Bithumb 24h volume (₩15.9B).
STEEM kimchi premium history
Hourly · Upbit and Bithumb vs Binance · since 25 Oct 2026Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
Data: Upbit and Bithumb public ticker APIs, and Binance prices from this site's live feed, refreshed about once a minute. Green means Korea pays more than Binance, red less. Every coin is on the kimchi premium table. Not financial advice.
STEEM kimchi premium FAQ
What is the STEEM kimchi premium today?
STEEM trades at a 0.35% discount on Korean exchanges against Binance right now (Upbit +0.25%, Bithumb -0.96%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.
How is the STEEM kimchi premium calculated?
The STEEM KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,334.5 on Upbit now) and compared with the STEEM price on Binance ($0.04836, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of STEEM in the last 24 hours.
Can you arbitrage the STEEM kimchi premium?
Not easily. Korean exchanges take won only from verified local bank accounts and South Korea limits moving won abroad, which is why the gap can last. Transfers take time, an exchange can suspend STEEM deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.