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 percent in January 2018, according to researchers at the University of Calgary.