Bitcoin in the Korean market has recently traded at a 1% discount, the second time since September
According to a recent report by Kaiko, Bitcoin briefly traded at a discount of about 1% in the Korean market last week, marking the second time since September that it has traded at a discount. Historically, due to Korea's unique regulatory framework that restricts cross-border capital transfers for foreign users, Bitcoin has traded at a premium of up to 50% in the Korean market. In March of this year, as BTC hit a new all-time high, the "Korean market premium" soared to 10%, before falling back to 1-2% in the summer. It is worth noting that in the past, a negative "Korean market premium" has often signaled a broader rebound in the cryptocurrency market. However, this time, market uncertainty remains high, especially during the upcoming US election.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
These Overlooked Coins Are The Next Cryptos To Run In 2025
UBS is testing blockchain to boost retail gold investments
Ethereum whale secures $16.8M profit with a 50x short position