Korean premium for crypto is going negative
Korean premium for crypto is going negative Unusual negative Kimchi Premium in Korea, where crypto assets like USDT are trading at a discount to global prices instead of the typical premium caused by capital controls limiting arbitrage 3 factors: - declining speculative interest in altcoins - Korean investors moving liquidity to a strong domestic stock market led by companies like Samsung and SK Hynix - anticipation of crypto taxes starting next year. https://x.com/doowannam/status/2061344831918756346?s=12&t=2q9OLMlaobNlHLewOXT4uA
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