Is The Korean ‘Kimchi Premium’ Signaling a Bitcoin Price Top?

The Korean premium, a higher Bitcoin price on South Korean exchanges compared to US or European markets, is indicating a possible price top, similar to the Bitcoin cycle peak in late 2021. The post Is The Korean ‘Kimchi Premium’ Signaling a Bitcoin Price Top? appeared first on BeInCrypto.

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S. Korea indicts 20 people for illegal $170M crypto profiteering

South Korean prosecutors indicted 20 people on January 18 for illegally remitting roughly 4 trillion won (roughly $3. 2 billion) overseas to profit from the kimchi premium, according to a local news report.

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First Mover Asia: South Korea's 'Kimchi Premium' Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty

The gap between bitcoin prices on Korean crypto exchanges compared to global counterparts has declined from 20% to about 3% over the past year; bitcoin and ether tumble.

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Kimchi Premium & P2P Crypto Trading in South Korea Spikes, FSC Taxing NFTs & Banning NFT Games

Amidst the regulatory headwind, SK Square, the investment arm of a telecom giant, became the 2nd-largest shareholder of crypto exchange Korbit, while Upbit’s parent company buys a stake in the bank Woori Financial.

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CBDC a 'high possibility' in South Korea, first test could take place before December

In the crypto sector, South Korea enjoys quite a bit of fame thanks to its "Kimchi Premium" and large alt coin market. However, the country's central bank authorities aren't far behind in crypto innovThe post CBDC a 'high possibility' in South Korea, first test could take place before December appeared first on AMBCrypto.

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South Koreans Turn to Serum (SRM) As Solana (SOL) Ecosystem Pumps

SRM is currently the second most traded crypto on one of the biggest South Korean exchanges, Upbit, after Dogecoin. It is also trading at a premium on both Upbit and Bithumb, the latter also announcing the listing of SOL.

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

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.

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South Korea’s Capital Flow Control Enabling Kimchi Premium, Says BoA

With the Kimchi premium back in the South Korean market, the Bank of America (BoA) believes that the persistent premium is as a result of the government’s capital flow control policy. Kimchi Premium Persists Because of Capital Flow Control  According to Reuters on Tuesday (May 18, 2021), BTC price on Tuesday was $4000 higher thanRead More

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

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.

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

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.

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

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.

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Bitcoin's Kimchi Premium Bubble: Inflation, Deflation and Consequences

Bitcoin often trades at a premium in South Korea; what happens when this bullish spread quickly dissipates?

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South Koreans Are Trading XRP & BTT More than BTC and Ether

Bitcoin kimchi premium is also taking a drop after surging to 22% as Upbit temporarily suspends fiat (KRW) deposits and withdrawals, and Bithumb sees an “increasing” inflow of BTC. The post South Koreans Are Trading XRP & BTT More than BTC and Ether first appeared on BitcoinExchangeGuide.

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South Korea: After Sending Bitcoin Price to $71k, Kimchi Premium Begins to Nosedive

The price of bitcoin (BTC) briefly touched $71,000 at 5:55 a. m. UTC on South Korea’s Upbit crypto exchange. However, things have started to cool down as the price of bitcoin (BTC) has failed to maintain its bullish push.

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Bitcoin Kimchi Premium Lowered by Sudden Sell Off

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Bitcoin Hits $71,000 in South Korea as “Kimchi Premium” Goes Through the Roof

The unprecedented South Korean FOMO has pushed Bitcoin above $70,000 on local exchanges

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Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns Bullish

Since March’s extreme volatility, Bitcoin price action has been far more stable. The major cryptocurrency has continued to hover around the $57,000 to $58,000 price level, seeing minimal fluctuations with the Bitcoin Volatility Index sitting at 3.

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Why The Return Of The Kimchi Premium Doesn’t Bode Well For Bitcoin

Bitcoin price is currently trading at a substantial premium on South Korean crypto exchanges – more than $6,000 per coin in USD equivalent. However, in the past this so-called “Kimchi Premium” has signaled the end of the bull trend.

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Bitcoin’s “Kimchi Premium” Hits 15 Percent

The so-called “Kimchi premium,” or bitcoin price difference in South Korea, has hit 15 percent.

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Bitcoin Price Hits $68,000 In South Korea

Bitcoin’s market price in most if not all major exchanges is around $58k at the time of writing, but in South Korea, the top crypto asset is currently trading at a 15% premium of $68,000, according to data from TradingView.

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Bitcoin Rises to $68,000 in South Korea on $10,000 Premium

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What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin?

Bitcoin is trading at nearly $66,000 in South Korea.

The post What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin? appeared first on CryptoSlate.

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Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle?

Is a surging premium in South Korea a top signal or a sign that the Bitcoin rally is only getting started?

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Bitcoin and Ether Kimchi Premium Picks Up as Bulls Reappear

As the price of Bitcoin continues to climb up, so does the popular Kimchi premium. As of writing, the price of Bitcoin is $59,063 on Binance and $59,087 on Coinbase Pro, but the highest price of BTC is on South Korean exchanges, which is up more than 5.

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South Korea's 'Kimchi premium' is back: Is the Bitcoin rally starting to heat up?

Demand for Bitcoin in South Korea is heating up as the country's BTC premium rises over 5%.

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South Korean crypto exchange volumes surpass those of its entire stock market

The country is one of the biggest markets for crypto in the world and is known for its ‘Kimchi Premium. ’ The month it went ballistic South Korean crypto exchanges are now processing more volumes each day compared to traditional stock exchanges, a report on local publication Hankyung said Monday.

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Bitcoin ‘Kimchi Premium’ Makes a Comeback As Euphoria Builds

South Koreans have also started to join in on the crypto rally.

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South African bitcoin exchange OVEX launches arbitrage trading service

OVEX, a South African based bitcoin and cryptocurrency exchange, today announced a new arbitrage service that is designed to exploit mismatches in the price of bitcoin to the U. S. dollar USD) and South African rand (ZAR).

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South African Bank Closes Crypto Accounts While a $500 Bitcoin Premium Develops

FirstRand, one of South Africa’s biggest bank with $93 billion in assets, is to close the bank account of major crypto exchanges in the country, including Luno, ICE3X, VALR and... The post South African Bank Closes Crypto Accounts While a $500 Bitcoin Premium Develops appeared first on Trustnodes.

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Crypto Trading in South Korea Is Dying; Steep Market Crash And Hacks Are Turning Traders Away

It seems that crypto traders in Korea have slowly started to move away from it. Trading across the board has considerably less volume in the past few months. Kimchi’s premium has all but vanished, heralding the collapse of various minor cryptocurrencies across the Korean market. South Korean traders are simply not in the mood to […]

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Bitcoin Price Premium Surpasses $1,000 in Argentina amid Currency Controls

Argentina’s decision to impose currency controls has had a bullish effect on bitcoin in the South American country. With demand rising for the cryptocurrency, a bitcoin price premium has subsequently developed.

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Argentine Bitcoin Premium Shows Relativity of “Safe-Havens”

Bitcoin has been trading for a premium of between 8 and 28 percent on the Argentina-facing section of LocalBitcoins. The higher prices compared to those advertised by traders on the peer-to-peer marketplace from the rest of the world highlights that demand is high for Bitcoin in the South American nation.

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Kimchi Premium Spread on Bitcoin’s Price Disappears Once More As Trading Range Tightens

The Kimchi Premium has finally disappeared. The concept, in case you are not familiar with the term, is the “extra” that people pay for Bitcoin in South Korea. For reasons which are linked to demand, people in the country often pay more for Bitcoin than in the rest of the world. Recently, however, the spread […]

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Bitcoin’s ‘Kimchi Premium’ Vanishes Again as Trading Range Tightens

The spread between the price of bitcoin on South Korean and U.S.-based crypto exchanges has disappeared after hitting 2019 highs.

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Kimchi premium returns as Asian traders stack Bitcoin

When South Korean investors piled into Bitcoin in late 2017, its price in Korean won soared even higher than the dollar, with Korean traders paying up to fifty percent more than westerners. With this 'kimchi premium', as it came to be known, returning to the market, what are the implications for Asian traders and for Bitcoin?

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Bitcoin’s ‘Kimchi Premium’ Returns With $1K Price Spreads on Crypto Exchanges

The spread between the price of bitcoin on South Korean and U.S. exchanges reached as high as $1,000 this weekend, a sign market inconsistencies are returning with price action.

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Massive Bitcoin Premium Develops in South Africa, Bitcoin For Sale at $50,000 in Zimbabwe

Bitcoin is extremely rare in Zimbabwe after the government banned it last year, with the sole crypto exchange in the country, Golix, closing in May 2018. They had 49,333 Zimbabwean... The post Massive Bitcoin Premium Develops in South Africa, Bitcoin For Sale at $50,000 in Zimbabwe appeared first on Trustnodes.

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Bitcoin and Ether Trade at Large Premium on South Korean Crypto Exchanges

The number one and two crypto assets by market capitalisation are currently trading at a large premium across South Korean exchanges. Bitcoin is selling close to $800 more than the rest of the world and Ether at around $20 higher.

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Bitcoin, Ethereum at Huge Premium in South Korea

A significant premium has developed in South Korea in the past few days, with bitcoin now nearly $1,000 more expensive than elsewhere. One bitcoin is at about $11,600 – $11,700... The post Bitcoin, Ethereum at Huge Premium in South Korea appeared first on Trustnodes.

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Bitcoin premium surges in Asian market vis-a-vis its USD-spot market equivalent

Bitcoin’s popularity seems to be on the rise despite the cryptocurrency’s sluggish performance in June with the East Asian market emerging as favorites. With the market for cryptocurrencies spread across western countries and its base in South Asia, with a few hotbeds spread across the globe, the dominance is fairly diverse with the Asian dragon […] The post Bitcoin premium surges in Asian market vis-a-vis its USD-spot market equivalent appeared first on AMBCrypto.

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Kimchi Premium Returns: Bullish Bitcoin Breakout Imminent?

It appears the “Kimchi Premium” is making an appearance once again in the South Korean bitcoin (BTC) market as the top-ranked cryptocurrency looks set for a bullish 2019. South Korean Market Premium Returns In a tweet published on April 9, 2019, CryptoHamster, a bitcoin analyst evidenced the appearance of elevated BTC prices in South KoreanRead MoreRead More.

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Bitcoin’s Key Indicator Flashing Bullish Again, Mirroring Pre-5K Breakout

The return of a previously well-known phenomenon to Bitcoin this week continues to excite traders as Bitcoin price pushes above $5250. Return Of The ‘Kimchi Premium’ Spotted online by social media traders, the so-called ‘Kimchi Premium’ – a surcharge on the Bitcoin price specifically impacting South Korean investors – is making a comeback on local cryptocurrency exchanges.

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Korean Bitcoin Now Cheaper Than World Prices

South Korea is known for a voracious crypto appetite, but the “Kimchi Premium” may now be turning into a discount.   Crypto prices on Korean exchanges are now slipping below the worldwide average, indicating that Korean markets might finally be cooling down.

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Bitcoin Price Analysis: BTC/USD Slow Down Below $4,000, Up 19 Percent

Latest Bitcoin News The truth is that South Korea is famous for cryptocurrency and the opportunities presented by digital assets are like no other. Not only are they global but they can be an escape for stagnating local economy and hopeless politics.

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OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.

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Cryptocurrency Trading Volume in South Korea Soars

After a quiet start to 2018 and a significant contraction in the middle of the year, there is a considerable increase in Korean won (KRW) cryptocurrency trades. Despite this increase, the “kimchi premium” that existed in 2017 has yet to surface in cryptocurrency exchanges in South Korea.

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Singapore-based Blockchain Consortium Buys Majority Share in Bithumb

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet.

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A Mysterious Bitcoin Premium Has Developed, is South Korea Making a Comeback?

Bitcoin is at a ~$40 premium on Bitfinex and Binance compared to Coinbase and other exchanges when previously they were at roughly the same price. The premium, which developed this... The post A Mysterious Bitcoin Premium Has Developed, is South Korea Making a Comeback? appeared first on Trustnodes.

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Bank of Korea: Infamous ‘Kimchi Premium’ May Reappear in Bitcoin Markets

The Bank of Korea has warned that significant price differences between South Korean exchanges and those abroad, or the “Kimchi Premium,” may emerge in the coming years. Kimchi May Strike Back According to local outlet No Cut News, South Korea’s central bank cautioned officials of another “Kimchi Premium”-like situation if regulations and crypto trading frameworks […] The post Bank of Korea: Infamous ‘Kimchi Premium’ May Reappear in Bitcoin Markets appeared first on CryptoSlate.

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