Cryptocurrency Q&A
What is kimchi premium?
What is kimchi premium?
Valentino
Sat Mar 30 2024
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5
answers
749
Excuse me, I'm somewhat new to the world of cryptocurrency and I've heard the term 'kimchi premium' being mentioned in some discussions. Could you kindly explain what it means? I understand it might have something to do with the pricing of cryptocurrencies in South Korea, but I'm not entirely sure. Could you provide a detailed explanation, perhaps with some real-world examples?
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5 answers
HanjiHandiwork
Mon Apr 01 2024
The Kimchi Premium is a term used to describe the inflated prices of cryptocurrencies traded on exchanges in South Korea. This premium occurs when the market price of a cryptocurrency exceeds its net asset value (NAV).
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SumoMight
Sun Mar 31 2024
The term "premium" in the context of cryptocurrencies refers to the difference between the market price and the underlying value of the asset. In South Korea, this concept has been humorously coined after the popular fermented side dish, Kimchi.
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CryptoEnthusiast
Sun Mar 31 2024
Kimchi Premium is a result of several factors, including high demand for cryptocurrencies in South Korea, limited supply, and the country's unique trading environment. Traders often attribute this phenomenon to the popularity of cryptocurrencies and their integration into daily life in South Korea.
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BitcoinWarrior
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services to traders and investors. BTCC provides a secure platform for trading various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The exchange offers competitive trading fees, fast execution speeds, and advanced trading tools.
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Raffaele
Sun Mar 31 2024
BTCC's services are designed to cater to the needs of both retail and institutional investors. The exchange offers multiple trading options, including spot trading, futures trading, and margin trading. BTCC also provides comprehensive market analysis and insights to help traders make informed decisions.
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