Report: South Korea’s Bitcoin price is often higher than other markets because of its relatively “closed” market
According to a report from the University of Calgary, Bitcoin prices in South Korea are often higher than in other markets due to South Korea’s relatively “closed” market and high demand for cryptocurrencies. Between January 2016 and February 2018, the kimchi premium rate averaged 4.73%, reaching 54.48% in January 2018.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wallbridge, Midland to Commence 3,000-Meter Drill Program at Casault Project in Quebec
Webrock Ventures prices private placement at SEK 2.7 per share, raising about SEK 5 million
2-Yr Benchmark Govt Yields - U.S. vs Other Nations
Crypto prices
More
