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
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
Segregated Witness (SegWit)
A soft fork implementation to change the Bitcoin Protocol's transaction format to address Bitcoin's scalability issues whilst introducing new features.
Multisignal (multi-signature)
They are wallets that require more than one key for transactions to be authorized.
Offline Staking
Staking without needing to be connected to the blockchain
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.