Bitcoin’s ‘Kimchi Premium’ Vanishes Again as Trading Range Tightens

Bitcoin’s ‘Kimchi Premium’ Vanishes Again as Trading Range Tightens – CoinDesk

The spread between the price of bitcoin on South Korean and U.S.-based crypto exchanges, which returned in June and hit 16-month highs, has disappeared once again. A measure of how much more South Koreans pay for bitcoin, the spread, known colloquially as the “kimchi premium,” has reached remarkable levels, peaking at 54.48%, according to researchers at the University of Calgary.