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
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.
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Hashgraph
Hashgraph is a distributed ledger system that has been compared to the blockchain idea as a continuation or successor.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.