The Rise of the Kimchi Premium Bitcoin's Kimchi Premium, also known as the "Korean Bitcoin Premium," has been making headlines recently. This metric measures the difference in price between Bitcoin on South Korea's Upbit exchange and US-based Coinbase exchange. And in recent weeks, it has been on fire, hitting levels not seen since early 2021. What is the Kimchi Premium? The Kimchi Premium is an indicator of the demand for Bitcoin in South Korea. It is calculated by taking the price of Bitcoin on Upbit and comparing it to the price on Coinbase. When the premium is high, it means that the demand for Bitcoin in South Korea is greater than that in the US, resulting in a higher price for Bitcoin on Upbit. Why is the Kimchi Premium Important? The Kimchi Premium is important because it can give us insights into the sentiment and demand for Bitcoin in different regions. When the premium is high, it could indicate that there is a strong interest ...
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