Why Are Korean Exchanges Crypto Higher

Last Updated on January 4, 2024 by Paganoto

What Is the Kimchi Premium? – Investopedia

Korean exchanges, and banks have strict reporting requirements for moving funds in and out of the country. As a result of the high popularity of crypto in Korea, the prices of certain cryptocurrencies rose as high as 20% above prices elsewhere, a phenomenon that has lasted for several years.

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Bitcoin kimchi premium spikes to 2022 high before dropping to …

Cryptocurrency prices on the peninsula are often higher than that of global averages as foreign investors are barred from using local exchanges …

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Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.