Kimchi premium is around -1%.
Korean call Korean crypto premium in Kkmchi premium.
The Kimchi Premium is currently -1.00%, meaning BTC is cheaper on Korean exchanges.
Upbit's BTC price is about 1.53 million KRW lower than Binance.
This negative premium may reflect weak domestic demand or limited capital inflow.
It could also signal regulatory constraints or arbitrage difficulties.
If the discount persists, it may suggest bearish sentiment in Korea.
Tracking this premium helps assess regional market behavior.
Wow, @happycapital, this is a fantastic, concise breakdown of the Kimchi Premium! Your post immediately caught my eye because it's providing real, actionable insight into the crypto markets. The image is super effective, and you've done a great job of explaining a complex topic in an easily digestible way. The analysis of potential reasons behind the negative premium is particularly insightful.
This kind of on-the-ground market observation is exactly what makes Steemit valuable. I'm curious to know, do you think this negative premium presents an opportunity for arbitrage, or are the regulatory hurdles too significant right now? Anyone else have experience trading the Kimchi Premium and care to share their thoughts? Great work sparking such an interesting discussion!
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Interesting to see a negative Kimchi Premium (-1.00%) —
Is this just a temporary dip, or are we seeing deeper investor caution in the Korean market?
Arbitrage traders must be watching this closely!
Thanks for the valuable insight