In the wake of bitcoin's new highs, South Korea's 'kimchi premium' is in the spotlight again
Publishing timestamp: 2024-04-02 20:12:38
Summary
Cryptocurrencies in South Korean exchanges often trade at a premium compared to global exchanges, creating a potential arbitrage opportunity known as "kimchi premium." However, various factors such as strict regulations, capital controls, and time delays make this strategy difficult to execute effectively.
Sentiment: MIXED
Keywords: technology, breaking news: technology, bitcoin/usd coin metrics, us dollar/korean won fx spot rate, business news, cryptocurrency, bitcoin,