🚀🇰🇷📈 The #KimchiPremium strikes again! On March 5th, #Bitcoin soared to a whopping 96,734,000 KRW (~$72,504) on South Korea's Upbit exchange, while the rest of the world was still catching up at around $69,200. Talk about FOMO, am I right? 😅

This price disparity, which has been on the rise since February, is mainly due to retail spot purchases in South Korea, as they don't have spot Bitcoin ETFs yet. But fear not, South Korea's financial regulator is considering introducing them, which could help harmonize these price differences. 🌏💰

So, what do you think about this Kimchi Premium phenomenon? Have you ever tried to capitalize on it through arbitrage? Let us know in the comments! 👇 #DeFi #Web3 #CryptoNews