Bitcoin is trading at a discount on South Korean exchanges, reversing the traditional “kimchi premium” that has historically signaled bullish market sentiment. Per The Korea Times, the cryptocurrency is priced approximately 700,000 won ($511.73) lower domestically compared to global exchanges, resulting in a negative premium (discount) of -0.74% as of Thursday afternoon. This shift appears […]
The post Bitcoin trades at discount in Korea destroying historical ‘Kimchi Premium’ appeared first on CryptoSlate.
Originally appeared here:
Bitcoin trades at discount in Korea destroying historical ‘Kimchi Premium’