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Thursday

22 April 2021

Bitcoin’s “Kimchi Premium” Hits 15 Percent

Bitcoin’s “Kimchi Premium” Hits 15 Percent


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With TradingView reporting a $57,000 BTC price for U.S.-based exchange Coinbase and a $66,000 for South Korea’s Bithumb at the time of this writing, the Kimchi premium, or difference between the bitcoin price on Western exchanges and South Korean exchanges, has reached 15 percent.

Judging by the size of the South Korean cryptocurrency market, this high premium for bitcoin may have an effect on global prices going forward.

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