Odaily Planet Daily News According to a recent report by Chainalysis, South Korea's cryptocurrency market is showing growth, mainly driven by the rise of the Korea Premium Index. The report emphasizes that the country's local demand, institutional trading and unique market conditions are causing crypto prices on local exchanges to exceed the global average. The Korea Premium Index measures the spread between cryptocurrencies such as BTC, ETH and altcoins on Korean exchanges and global markets. The Chainalysis report noted that the index has risen sharply, which can be seen from "the extent to which Korean traders pay higher than market prices for digital assets." During periods of market uncertainty and turmoil, this premium is at an all-time high, prompting retail and institutional investors to seize opportunities for potential gains. The report further emphasized that "South Koreans often use local exchanges" for fund management, and the amount transferred from local exchanges to global exchanges is "highly correlated" with the premium. (Cointelegraph)

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