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ZKP kimchi premium: Upbit & Bithumb vs Binance

How much more (or less) ZKP 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, ZKP last traded at ₩66.600, which is $0.04930 at Upbit's ₩1,351 per USDT, against $0.04920 on Binance: a 0.20% premium. In other words, ₩1,000,000 spent on ZKP on Upbit buys about ₩998,000 worth at Binance prices, so Korean buyers are paying up for it. That is below Upbit's volume-weighted premium of +0.31% across 187 coins, so ZKP is cheaper in Korea than the typical coin. ZKP ranks #180 of 213 by Korean 24h trading value (₩680.8M).

USDT = ₩1,351 (Upbit)#180 of 213 by KRW volumeSources: Upbit, Bithumb, BinanceAs of 13:54 UTC

ZKP premium vs Binance
+0.20%
average of 1 Korean venue
Upbit premium
+0.20%
₩66.600 · ₩680.8M 24h
Bithumb premium
—
under ₩500.0M 24h or not listed
USDT/KRW rate used
₩1,351
Upbit KRW-USDT market

ZKP on Upbit and Bithumb vs Binance

as of 13:54 UTC · premium vs USDT
Venue KRW price USD equivalent Binance price Premium KRW 24h volume
Upbit ₩66.600 $0.04930 $0.04920 +0.20% ₩680.8M
Bithumb not shown: under ₩500.0M traded in 24 h, not listed, or excluded

USD equivalent = KRW price ÷ ₩1,351, Upbit's own KRW-USDT price, so the premium is vs USDT, not vs the bank dollar rate. Binance price: the spot ZKP/USDT market. ZKP is #180 of 213 coins by combined Upbit + Bithumb 24h volume (₩680.8M).

ZKP kimchi premium history

Recording since Sep 29, 2026 for the top 20 coins by Korean 24h volume plus BTC, ETH, XRP and SOL; ZKP 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.

ZKP kimchi premium FAQ

What is the ZKP kimchi premium today?

ZKP trades at a 0.20% premium on Korean exchanges against Binance right now (Upbit +0.20%). The figure refreshes about once a minute from the Upbit and Bithumb public tickers.

How is the ZKP kimchi premium calculated?

The ZKP KRW price on Upbit or Bithumb is divided by the Korean USDT price in won (₩1,351 on Upbit now) and compared with the ZKP price on Binance ($0.04920, spot): premium = KRW price ÷ USDT/KRW ÷ Binance price − 1. A venue counts only when it traded at least ₩500.0M of ZKP in the last 24 hours.

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