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
Faucet
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.
Halving
Event that serves to reduce in half the reward of the Proof-of-Work miners that operate in the blockchain network.
Watchlist
A personally defined list of values to watch over for activity or changes.
Node
Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain
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