The “Kimchi Premium” phenomenon continues to heat up the recent cryptocurrency market. It drives the upsurge of trading digital assets in South Korea. While Bitcoin price was recorded at around US$58,000, it was on the other hand selling at above US$70,000 in local exchanges. “Kimchi Premium ” arisen for several reasons, including capital control and...Read More

While Bitcoin spiked at a higher price, transcending the $54k level, South Korea’s “Kimchi Premium” has also returned to the digital assets market since the last week of March. According to Bitcoin.com, the price difference in the last week of April had risen 4.56% higher than most of the global cryptocurrencies. Korean exchanges like Korbit...Read More