Bitcoin Kimchi Premium Returns in Korea
South Korean exchange prices for Bitcoin exceed global averages after a period of discount.
South Korean exchange prices for Bitcoin exceed global averages after a period of discount.
아시아경제 reports that the kimchi premium indicator for Bitcoin turned positive on August 25 after staying negative for months. The outlet states domestic prices are now higher than overseas markets. It recorded 0.10 on September 2, showing a 0.1 percent premium on local exchanges. The attached chart from CryptoQuant tracks the shift from negative territory into green over the past month. The article headline notes Bitcoin trading more expensively in Korea.
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South Korean exchange prices for Bitcoin exceed global averages after a period of discount.
아시아경제 reports that the kimchi premium indicator for Bitcoin turned positive on August 25 after staying negative for months. The outlet states domestic prices are now higher than overseas markets. It recorded 0.10 on September 2, showing a 0.1 percent premium on local exchanges. The attached chart from CryptoQuant tracks the shift from negative territory into green over the past month. The article headline notes Bitcoin trading more expensively in Korea.