Name: 'Kimchi Premium' Reaches Two-Year High
Uploaded: 2024-03-07T17:30:43.000Z
Duration: 1 min 9 s
Description: "Kimchi premium" refers to the difference in bitcoin prices on Korean exchanges compared to global exchanges – and bitcoin is currently trading at a 10% premium in South Korea. The arbitrage was popularized by Sam Bankman-Fried and involves buying bitcoin on a global exchange and then selling it on a Korean exchange for profit. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

CD20$2,060.140.22%BTC$77,155.510.49%ETH$2,104.160.63%XRP$1.350.57%SOL$85.470.39%

'Kimchi Premium' Reaches Two-Year High | CoinDesk Videos

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CD20$2,060.140.22%BTC$77,155.510.49%ETH$2,104.160.63%XRP$1.350.57%SOL$85.470.39%

'Kimchi Premium' Reaches Two-Year High | CoinDesk Videos