Did you know that Bitcoin is 10.32% more expensive in South Korea?
There is a special term for this phenomenon, the “Kimchi premium.” It occurs when the value of a token on Korean exchanges rises above global prices. This happens due to high demand and activity from local South Korean investors. More often than not, a rising “Kimchi premium” indicates an overheated market.
So, while you and I were celebrating Bitcoin’s new all-time high of $70,000, in South Korea, the digital gold has already crossed the $72,000 bar 🙂
