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Bitcoin Booms, But No Return to the Kimchi Premium in South Korea
22.12.2020
Bitcoin (BTC) prices have been skyrocketing globally of late, but in one part of the world, crypto fever is not yet making its mark – or at least not to the extent that it did three years ago.
That place is South Korea, where 2017’s crypto bubble arguably peaked, amid reports of teenagers spending...
Korean Presidential Committee Pushes to Legalize Crypto
31.10.2019
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto...
Bitcoin’s ‘Kimchi Premium’ Vanishes Again as Trading Range Tightens
13.8.2019
The spread between the price of bitcoin on South Korean and U.S.-based crypto exchanges has disappeared after hitting 2019 highs
Bitcoin’s ‘Kimchi Premium’ Returns With $1K Price Spreads on Crypto Exchanges
1.7.2019
Bitcoin may be back over $10,000, but the price increase is bringing with it similar market inconsistencies as seen in the cryptocurrency’s meteoric 2017 ascent. At press time, bitcoin prices in South Korea are once again trading at a notable premium to Western exchanges. The spread...