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South Korea’s Crypto Premium Drops Below 1% as Bitcoin and Ethereum Prices Align Globally
22.5.2024
South Korea’s infamous crypto premium has diminished significantly, with bitcoin and ethereum prices now aligning closely with the weighted global averages, albeit with a minor premium. The BTC premium stands at 0.84%, while ETH’s premium is in a similar range. South Korea’s...
What Causes the Kimchi Premium? South Korean Experts Explain
18.3.2024
Kimchi premium crypto price discrepancy is driven by a lack of South Korean corporate investment in Bitcoin, say South Korean experts.
The post What Causes the Kimchi Premium? South Korean Experts Explain appeared first on Cryptonews
“Kimchi Premium” Returns: Bitcoin Trades at 10% Price Premium in South Korea Against Global Exchanges
7.3.2024
Bitcoin's infamous "Kimchi premium" has made a comeback, with the cryptocurrency commanding an average 10% price premium in South Korea compared to global exchanges.
The post “Kimchi Premium” Returns: Bitcoin Trades at 10% Price Premium in South Korea Against Global Exchanges appeared...
14 Suspected South Korean ‘Kimchi Premium’ Crypto Traders Cleared
12.2.2024
South Korean prosecutors have suffered a blow in their efforts to shut down kimchi premium crypto traders – with 14 suspects cleared of wrongdoing. Officials accused 16 people of illegally remitting $3.2 billion worth of assets, including crypto, fiat, and goods. Newsis reported that two of...
South Korea’s Crypto Surge — Navigating the ‘Kimchi Premium’ and Massive Trade Volumes
4.1.2024
Recent data reveals that South Korea’s crypto trading volume has surged in recent months, with two exchanges, Upbit and Bithumb, contributing over 10% to the global trading volume as of Jan. 4, 2024. Additionally, while the global price for bitcoin hovers around $43,356 per unit, in South...
Bitcoin Premium Soars in South Korea, Trading $1,500 Above Global Norm
5.12.2023
Based on recent data, the surge of bitcoin beyond the $41,000 mark has triggered a significant increase in trading activity originating from South Korea. Alongside this heightened volume, bitcoin is currently commanding a $1,500 premium on major South Korean cryptocurrency exchanges, including...
Solana Soars 19% Amid Market Consolidation, Commands Notable ‘Kimchi Premium’ in South Korea
15.11.2023
Bitcoin and ethereum have remained stable on Wednesday, showing little change in their values recently. In contrast, solana (SOL) experienced a notable surge, climbing over 19% against the U.S. dollar, moving from a low of $52.92 to a peak of $63.32. Despite a minor decrease following its rise into...
South Korean Crypto Exchange Bithumb Eyes IPO in Move to Challenge Upbit’s Market Dominance
13.11.2023
Local reports suggest that Bithumb, a prominent crypto exchange in South Korea, is contemplating a public listing in 2025. Insider information indicates that Bithumb is considering a debut on Kosdaq and might transition to the Korea Exchange (KOSPI) platform in the future. Bithumb Targets Kosdaq...
Bitcoin Skyrockets, Yet South Korea Experiences a ‘Kimchi Discount’ Instead of the Usual Premium
27.10.2023
Bitcoin has soared, doubling its value since the start of the year. Yet, intriguingly, the famed “Kimchi premium” in South Korea remains absent in this current surge of bullish activity. This is a notable deviation from previous bull markets, where the phenomenon was prominently...
First Mover Asia: Bitcoin’s Kimchi Premium Has Narrowed, but the Korean Market Is Proving Resilient
3.5.2023
ALSO: A crypto markets analyst suggests that the U.S. central bank may not be finished with interest rate hikes, even if it raises the rate on Wednesday as expected
Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday
19.3.2023
Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the cryptocurrency’s overall market...
South Korea’s Kimchi premium turns to discount
20.2.2023
The "Kimchi premium" has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea
North Korean Defectors, Libyans Indicted for ‘Kimchi Premium’ Crypto Trading
3.2.2023
South Korean prosecutors have arrested a group of foreign nationals – comprising North Korean defectors and at least one Libyan national – over suspected “kimchi premium”-type crypto trading offenses.
Per Yonhap, prosecutors have charged and detained three individuals, including a 44-year-old...
5 reasons why the Aptos (APT) rally could still have wings
27.1.2023
Aptos’ star-studded founders and the market’s disbelief in the rally could further fuel the rise in APT price
‘$3.2bn’ Kimchi Premium Traders to Stand Trial in South Korea
19.1.2023
South Korean prosecutors are continuing to wage war against illegal kimchi premium traders – and will seek to convict 20 people for allegedly conducting $3.2 billion worth of illegal crypto transactions.
The kimchi premium is a phenomenon whereby increased trading volumes on South Korean crypto...
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China
10.1.2023
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China....
South Korean Police Swoop on 25 Suspected Kimchi Premium BTC Traders
21.9.2022
South Korean law enforcers continue to crack down on illegal kimchi premium traders – and have arrested 25 suspected traders who they think ran an illegal international bitcoin (BTC) trading ring.
KBS and Newsis reported that the South Jeolla Province branch of the National Police Agency’s...
16 Arrested in South Korea over Suspected Crypto Kimchi Premium Trading Violations
31.8.2022
South Korean authorities have swooped on suspected kimchi premium traders – making 16 arrests linked to some USD 1.4bn worth of crypto transactions....
Read More: 16 Arrested in South Korea over Suspected Crypto Kimchi Premium Trading Violations
Korean regulators investigate banks over $6.5B tied to Kimchi premium
16.8.2022
South Korean financial regulators are looking into the massive amount of foreign remittances of cash that came from crypto exchanges
Kimchi Premium Trading Total Could Be Almost Twice as High as First Thought, Says Regulator
15.8.2022
The sum total of illegal kimchi premium trading conducted via South Korean banks could be as high as USD 6.5 billion, regulators claim – and authorities in the nation say they are now investigating “all” domestic commercial banks over the matter....
Read More: Kimchi Premium Trading Total Could...