South Korea’s Bitcoin price is often higher than other markets because of its relatively “closed” market
According to a report by the University of Calgary, Bitcoin prices in South Korea are often higher than in other markets due to the country's relatively "closed" market and high demand for cryptocurrency. From January 2016 to February 2018, the kimchi premium averaged 4.73%, reaching 54.48% in January 2018.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Metaplanet and El Salvador are buying the Bitcoin dip
Santiment: "Whales Flock to These 10 Altcoins as Bitcoin (BTC) Falls!"
Santiment announced the 10 altcoins that experienced the highest increase in whale activity.
BTC falls below $87,000
ETH falls below $2,400
Trending news
MoreCrypto prices
More
