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.
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