Kimchi Premium
By CoinGecko | Updated on Aug 13, 2021
The kimchi premium is the price difference between South Korean exchanges and other global exchanges for bitcoin. The price of bitcoin on a South Korean exchange may be higher than on the US or European platform. Some investors would attempt to benefit from the kimchi premium arbitrage by trading the price differences that occur across various exchanges.
Related Terms
Over The Counter (OTC)
It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties
Pre-sale
A typically exclusive token sale event preceding a public ICO
Flappening
Flappening is a term used to describe Litecoin growing bigger and becoming more valuable than Bitcoin Cash (BCH). It is spawned from the term Flippening (used when another crypto overtakes Bitcoin).
Buy Wall
Anomalously large buy order(s) at a single price point that reflects as a "wall" in the order book.
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