Kimchi Premium

South Korean Crypto Exchange Bithumb Bans Employees from Trading Bitcoin

<div class=”featured_image_container”> </div> <strong>One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving “transaction transparency.”</strong> Bithumb Bans Employee Bitcoin Trading – Will Monitor …

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South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

<div class=”featured_image_container”> </div> <strong>As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board on Monday. In South Korea, crypto-assets like bitcoin are once again …

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South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes Spike

<div class=”featured_image_container”> </div> <strong>During the first week of April, South Korea’s ‘kimchi premium’ on domestic cryptocurrency exchanges had jumped over 18%, but then leveled off, equalizing with global exchange rates over the last two weeks. On Monday, as bitcoin prices spiked 8% higher surpassing the $54k zone, in South Korea, the premium on bitcoin climbed …

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South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’

<div class=”featured_image_container”> </div> <strong>The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi premium-driven transactions.</strong> Remittances to Exploit Kimchi Premium Could Be Flagged as …

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Sale of MTI Bitcoins in South Africa Briefly Wipes out Premium Buyers

<div class=”featured_image_container”> </div> <strong>The premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas exchanges. </strong> The Impact …

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Kimchi premium collapses: Short-term top signal or a reset for Bitcoin?

The so-called Kimchi premium, which measures the premium of the Bitcoin (BTC) price in South Korea’s cryptocurrency exchange market, plummeted overnight. The premium declined from 22% to 15% within a matter of hours on April 7, and it is continuing to drop across major South Korean exchanges. BTC Korea Premium index. Source CryptoQuant A big …

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South Korea’s Kimchi Premium Returns: BTC and ETH Prices Jump 18% Higher Than the Global Average

<div class=”featured_image_container”> </div> <strong>While a great number of spot exchanges have seen consistent prices in a few select areas in the world, bitcoin is selling for a premium. That’s the case in South Korea right now as there’s a price gap, otherwise known as the ‘kimchi premium’ on domestic South Korean exchanges in comparison to …

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