Bitcoin in the South Korean market was recently traded at a discount of 1%, the second discount since September
According to online reports, according to Kaiko's recent research report, Bitcoin was briefly traded in the South Korean market at a discount of around 1% last week, the second discount since September. Historically, due to South Korea's unique regulatory framework that restricts cross-border capital transfers by foreign users, Bitcoin's transaction premium in the Korean market has been as high as 50%. In March this year, as BTC hit a record high, the "South Korean market premium" soared to 10%, and then fell back to 1-2% in the summer. It is worth noting that previous situations where the "South Korean market premium" were negative often indicate a rebound in the broader cryptocurrency market. This time, however, market uncertainty remains high, especially during the upcoming U.S. election.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.