Kimchi Premium

Cryptocurrencies traded at big discounts in the South Korean market Tuesday but recovered amid intense political drama in the East Asian nation. What happened: Major coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) sharply fell in value on Upbit, South Korea's largest cryptocurrency...

In a surprising turn of events, the phenomenon known as the “Kimchi premium” has resurfaced in South Korea, signaling a unique arbitrage opportunity for Bitcoin (CRYPTO: BTC) traders. What Happened: The “Kimchi premium,” a term that denotes the higher price of Bitcoin in...

South Korean traders have set their sights on Solar (SXP) and Icon (ICX) tokens, which have both rallied by as much as 40% in the past 24 hours, with hundreds of millions of dollars in trading volumes on local crypto exchanges. The ICX-Korean won token pair alone saw over $420 million in trading...

If any country has the highest odds of being the first to witness the mass-market adoption of cryptocurrency, that would be South Korea. A recent study showed that about 22.7 percent of South Koreans in their twenties were using cryptocurrencies, 19.3 percent of the country’s citizens in...