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
Market Taker
Participant of the market who buys and sells from currently existing orders
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Masternodes
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.
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