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Bitcoin in the Korean market has recently traded at a 1% discount, the second time since September

Bitcoin in the Korean market has recently traded at a 1% discount, the second time since September

CointimeCointime2024/10/31 03:23
By:Cointime

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.

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