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13 May 2021

Korea’s Bitcoin Premium Returns After Falling to Zero - Decrypt

Korea’s Bitcoin Premium Returns After Falling to Zero - Decrypt


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Korea’s so-called Kimchi Premium has returned after falling to zero last week, with Bitcoin currently selling 6% higher in South Korea than in the rest of the world.

The Kimchi Premium is the difference between the price of Bitcoin in Korean markets and the average price across all other countries.

At this time, Bitcoin was being sold in Korea for as high as $65,000, while the price was as low as $55,000 elsewhere.

Over the weekend, the Kimchi Premium rose as high as 11%, with Bitcoin selling at $55,500 in Korea—$5,500 higher than elsewhere.

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