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Why did South Korea arbitrage bitcoin?

Fueled by high demand for Bitcoin but low supply on local exchanges, Bitcoin’s currently trading for $66,633 on South Korean exchanges. The country’s capital controls caused the arbitrage, analysts told Decrypt. We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more!

Why is South Korea putting a kimchi premium on Bitcoin?

The so-called kimchi premium has struck South Korea once again, as the local Bitcoin price is 15% higher than elsewhere. Fueled by high demand for Bitcoin but low supply on local exchanges, Bitcoin’s currently trading for $66,633 on South Korean exchanges. The country’s capital controls caused the arbitrage, analysts told Decrypt.

Is bitcoin trading at a 10% premium in South Korea?

Bitcoin is trading at a 10% premium in South Korea – opening a profitable but operationally complex arbitrage involving buying bitcoin on an international exchange and selling it on a Korean exchange for a riskless profit in Korean won. Edited by Omkar Godbole.

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