Bitcoin’s price premiums have resurfaced amidst the recent bullish fervor gripping the market.
Kimchi premium
Data reveals BTC trading at a $4,000 premium in South Korea compared to other markets. As of press time, Bitcoin was priced at $66,893 on Binance, while Korean platforms like Upbit, Coinone, and Bithumb boasted prices around $70,000.
Bitcoin Price on South Korean Exchanges. (Source: Coinpan)
This premium trend extends to Ethereum, the second-largest crypto by market cap. ETH commands around $3,900 on Korean platforms, whereas it hovers around $3,600 on other exchanges.
Ethereum Price on Korean Exchanges. (Source: Coinpan)
The Kimchi premium denotes a scenario where a digital asset’s price is notably higher on South Korean exchanges than in US or European markets, opening up arbitrage opportunities for traders with access to both markets.
Typically seen as a bullish indicator, the Kimchi premium suggests increased buyer activity in the Korean market. The premium is also used
We współpracy z: https://cryptoslate.com/bitcoin-sees-return-of-kimchi-premium-in-south-korea-and-cme-futures-market/
