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Bitcoin’s “Kimchi Premium” Hits 15 Percent


With TradingView reporting a $57,000 BTC price for U.S.-based exchange Coinbase and a $66,000 for South Korea’s Bithumb at the time of this writing, the Kimchi premium, or difference between the bitcoin price on Western exchanges and South Korean exchanges, has reached 15 percent.

With a name derived from the popular South Korean dish, the Kimchi premium was first identified in 2016, according to a research report from the University of Calgary. Though the current 15 percent premium is notable, the spread has been marked as high as 54.48 percent in January 2018, per the report.

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