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In the wake of bitcoin's new highs, South Korea's 'kimchi premium' is in the spotlight again
You may have heard of the “Korea discount” in South Korea’s stock markets. Now, get ready for the “kimchi premium,” named after the popular side dish of fermented vegetables that’s a staple in Korean cuisine. The “kimchi premium” refers to the price gap in cryptocurrencies, especially bitcoin, when listed in South Korea versus those listed in U.S. or European exchanges. While this could be seen as an arbitrage opportunity for some, it’s not so easy to make a quick buck. The kimchi premium is in the spotlight again after bitcoin reached all-time highs in mid-March, soaring past $73,000 to a record ... (full story)
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- Posted: Apr 3, 2024 12:09am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 254
