2Z Kimchi Premium Today: Upbit & Bithumb vs Binance

2Z kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) 2Z 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. From the same snapshot as the kimchi premium table.

On Upbit, 2Z last traded at ₩91.600, which is $0.06755 at Upbit's ₩1,356 per USDT, against $0.06768 on Binance: a 0.19% discount. In other words, ₩1,000,000 spent on 2Z on Upbit buys about ₩1,001,900 worth at Binance prices, so it is cheaper to buy in Korea than abroad right now. That is below Upbit's volume-weighted premium of +0.49% across 182 coins, so 2Z is cheaper in Korea than the typical coin. 2Z ranks #70 of 206 by Korean 24h trading value (₩3.1B).

USDT = ₩1,356 (Upbit)#70 of 206 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 10:12 UTC

2Z premium vs Binance

-0.19%

average of 1 Korean venue

Upbit premium

-0.19%

₩91.600 · ₩3.1B 24h

Bithumb premium

—

under ₩500.0M 24h or not listed

USDT/KRW rate used

₩1,356

Upbit KRW-USDT market

2Z on Upbit and Bithumb vs Binance

as of 10:12 UTC · premium vs USDT

Venue	KRW price	USD equivalent	Binance price	Premium	KRW 24h volume
Upbit	₩91.600	$0.06755	$0.06768	-0.19%	₩3.1B
Bithumb	not shown: under ₩500.0M traded in 24 h, not listed, or excluded

USD equivalent = KRW price ÷ ₩1,356, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot 2Z/USDT market. 2Z is #70 of 206 coins by combined Upbit + Bithumb 24h volume (₩3.1B).

2Z kimchi premium history

Recording since Sep 29, 2026 for the top 20 coins by Korean 24h volume plus BTC, ETH, XRP and SOL; 2Z gets a chart after a day among them.

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.

2Z kimchi premium FAQ

What is the 2Z kimchi premium today?

2Z trades at a 0.19% discount on Korean exchanges against Binance right now (Upbit -0.19%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the 2Z kimchi premium calculated?

The 2Z KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,356 on Upbit now) and compared with the 2Z price on Binance ($0.06768, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of 2Z in the last 24 hours.

Can you arbitrage the 2Z 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 2Z deposits or withdrawals, and the premium can close before a transfer lands. Nothing here is financial advice.