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19 April 2021

Why The Return Of The Kimchi Premium Doesn’t Bode Well For Bitcoin

Why The Return Of The Kimchi Premium Doesn’t Bode Well For Bitcoin


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Bitcoin price is currently trading at a substantial premium on South Korean crypto exchanges – more than $6,000 per coin in USD equivalent.

The crypto market like these other assets, however, also trades globally, and is subject to deviations in price data depending on how aggressive one region’s currency is being exchange to buy up BTC.

Once again, crypto FOMO has taken hold in the country of South Korea, resulting in the return of something called the “Kimchi Premium.”.

It isn’t clear what’s causing such FOMO amongst South Korean investors, but the so-called premium hasn’t been around since the last week of 2017.

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