'Kimchi premium' refers to the difference in bitcoin prices on Korean exchanges compared to global exchanges – and bitcoin is currently trading at a 10% premium in South Korea. The arbitrage was popularized by Sam Bankman-Fried and involves buying bitcoin on a global exchange and then selling it on a Korean exchange for profit.
"Kimchi premium" refers to the difference in bitcoin prices on Korean exchanges compared to global exchanges – and bitcoin is currently trading at a 10% premium in South Korea.The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. The Kimchi premium crossed a two year high on Thursday.
I'm Jen Sasi. We'll see you next time to unpack more of the data behind top news stories.The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. The Kimchi premium crossed a two year high on Thursday. Kimchi premium refers to the difference in Bitcoin prices on Korean exchanges compared to global counterparts.
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