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

by CRYPTOSLATE
2021-04-05
in Cryptocurrency
2 min read
0
Ethereum DeFi project ‘ForceDAO’ gets hacked hours after launch
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What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin?

Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.

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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.

This is not a typo nor a faulty API giving false data either, but a notorious market anomaly from 2017-18 that marked the ‘top’ of the crypto market at the time.

To read the rest of this article, sign in or join CryptoSlate Edge.

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