According to the latest report from Chainalysis, South Korea’s cryptocurrency market is showing signs of growth as the Korea Premium Index rises.

The report highlights that local demand, institutional trading, and the country’s unique market conditions have caused crypto prices on local exchanges to rise above global averages.

The Korea Premium Index measures the price difference between South Korean exchanges and global markets for cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and altcoins.

Institutional investors are driving the Korea Premium Index with large-scale transactions. This is creating arbitrage opportunities, further widening price differences on local exchanges.

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