According to Kaiko's recent research report, bitcoin briefly traded at a discount of around 1% in the South Korean market last week, the second time since September.
Historically, Bitcoin has traded at a premium of up to 50% in the Korean market due to South Korea's unique regulatory framework restricting cross-border capital transfers by foreign users. In March this year, as BTC hit a record high, the "Korean market premium" soared to 10% before falling back to 1-2% in the summer.
It is worth noting that previous cases of negative "Korean market premiums" often herald a rebound in the broader cryptocurrency market. However, this time, market uncertainty remains high, especially during the upcoming US election.
Bitcoin in the South Korean market recently traded at a 1% discount, the second discount since September
2024-10-31 03:17:41
Kaiko recent research report weekly ratio bitcoin south Korea market temporarilydesk3cryptocurrencydesktopCrypto News
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