Chainalysis recently reported a surge in South Korea's cryptocurrency market, driven by the Korea Premium Index. Local demand, institutional trading, and unique market conditions are causing crypto prices on local exchanges to surpass global averages. The Korea Premium Index measures price differences for Bitcoin, Ether, and altcoins between South Korean exchanges and global markets. The report highlights a sharp increase in the premium, indicating South Korean traders are paying above-market prices for digital assets. This premium is highest during market uncertainty, attracting retail and institutional investors seeking gains. Institutional investors play a significant role in fueling the premium through large transactions and arbitrage opportunities. Additionally, a report by the Financial Supervisory Service revealed that employees of Dunamu, the operator of Upbit exchange, earn higher salaries compared to major bank employees in South Korea. Overall, the market is experiencing growth and attracting various investors. Read more AI-generated news on: https://app.chaingpt.org/news