'Kimchi Premium' Reaches Two-Year High | Chart of the Day

The "Kimchi premium" refers to the difference in bitcoin prices on Korean exchanges compared to global exchanges – and bitcoin is currently trading at a 10% premium in South Korea. The arbitrage was popularized by Sam Bankman-Fried and involves buying bitcoin on a global exchange and then selling it on a Korean exchange for profit. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day." #cryptocurrency #digitalfinance #finance #bitcoin #crypto #kimchipremium #southkorea #cryptoexchange #btc #sbf #sambankmanfried #cryptotrading #cryptomarkets #kimchi #chartoftheday #chart Subscribe to CoinDesk on YouTube: youtube.com/user/CoinDesk?sub_confirmation=1 Site: www.coindesk.com/ Twitter: www.twitter.com/coindesk LinkedIn: www.linkedin.com/company/coindesk/ Instagram: www.instagram.com/coindesk Facebook: www.facebook.com/CoinDesk Newsletters: www.coindesk.com/newsletters CoinDesk Podcast Network: open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

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