South Korea's Crypto Surge — Navigating the 'Kimchi Premium' and Massive Trade Volumes
January 5, 2024
Recent data reveals that South Korea’s crypto trading volume has surged in recent months, with two exchanges, Upbit and Bithumb, contributing over 10% to the global trading volume as of Jan. 4, 2024. Additionally, while the global price for bitcoin hovers around $43,356 per unit, in South Korea, it commands a premium, trading at approximately $44,317 per coin.
Tracing the Strong Won-to-Crypto…
