The 'Kimchi Premium' in South Korean Cryptocurrency Market

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 4 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Finance News

Cryptocurrencies,South Korean Exchanges,Kimchi Premium

Cryptocurrencies in South Korean exchanges commonly trade at a premium compared to global exchanges, due to a closed market environment. Experts explain why the 'kimchi premium' may not be a viable arbitrage opportunity.

Cryptocurrencies in South Korean exchanges commonly trade at a premium compared to global exchanges, due to a closed market environment. While this may ostensibly present an arbitrage opportunity, experts who spoke to CNBC listed various reasons why this strategy may not be viable. The 'kimchi premium' refers to the price gap in cryptocurrencies, especially bitcoin, when listed in South Korea versus those listed in U.S. or European exchanges.

As bitcoin tested new highs, the kimchi premium also soared

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 270. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines