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Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle?

Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle?



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  1. Hello r/CryptoCurrency readers. Please try out the following links:

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  2. I don’t get how they pay a premium. Isn’t crypto traded on open market? Why would koreans be paying more for something that can be purchased on an open market exchange?

  3. tldr; Bitcoin’s “Kimchi premium” is surging to yearly highs in South Korea. The last time the premium rose to an all-time high, the Bitcoin market topped and saw a violent correction almost immediately afterward. However, South Korea only accounts for 1.7% of the global Bitcoin market’s trading volume.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  4. who is to say that this is all from retail?? It could very well be Korean corporations and financial institutions buying on those exchanges causing to the high demand..

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