🚀 South Korea's Crypto Market Booms Amid Korea Premium Index Surge 🚀
- According to Chainalysis, South Korea's crypto market is sizzling, thanks to the Korea Premium Index.
- Local demand and institutional trading are pushing crypto prices on Korean exchanges above global averages.
- The Korea Premium Index measures the price difference for cryptos like BTC and ETH between South Korean and global markets.
- Institutional investors are driving this premium, engaging in arbitrage to capitalize on price discrepancies.
- Fun fact: Dunamu employees (Upbit) are raking in more dough than major bank employees! 💰
Stay tuned for more crypto buzz!