April 10, 2021

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Bitcoin is Trading Near ,000 in South Korea as ‘Kimchi Premium’ Returns

Bitcoin is Trading Near $66,000 in South Korea as ‘Kimchi Premium’ Returns

Bitcoin is trading near $66,000 levels in South Korea as “Kimchi Premium” has returned. From a report: Kimchi Premium is the spread between bitcoin’s price on South Korean crypto exchanges and Western exchanges. Bitcoin is currently trading at around $66,200 on Bithumb, according to TradingView. That is whopping about 15% or $9,000 higher than bitcoin’s price of around $57,000 on Coinbase. Ether (ETH) is also trading higher at around $2,350 on Bithumb compared to $2,020 on Coinbase, according to TradingView. The Kimchi Premium suggests rising demand for bitcoin and ether in South Korea as the cryptocurrency market continues to soar worldwide.

Read more of this story at Slashdot.