Kimchi Premium Returns to South Korea's Crypto Market
The Kimchi Premium has returned to the South Korean crypto market after several months of absence.
This phenomenon reflects increased local demand and institutional trading, causing cryptocurrency prices on South Korean exchanges to exceed global averages.
According to Chainalysis, the price difference between South Korean and global exchanges has surged in recent months, measured by the Korea Premium Index.
The premium is most pronounced for leading cryptos like Bitcoin and Ethereum, as well as many altcoins.