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Mysterious “Kimchi premium” appears for Bitcoin on Korean Exchanges

Kimchi Premium, a reference to inflated prices of cryptocurrencies in South Korea, has been one of the striking features of the exchanges that operate in the country. As global markets matured, this premium slowly diminished. But today the Kimchi premiums reappeared in Korean exchanges, placing Bitcoin mysteriously, USD 40 higher than what it traded elsewhere

Kimchi Premium, a reference to inflated prices of cryptocurrencies in South Korea, has been one of the striking features of the exchanges that operate in the country. As global markets matured, this premium slowly diminished. But today the Kimchi premiums reappeared in Korean exchanges, placing Bitcoin mysteriously, USD 40 higher than what it traded elsewhere