Bitcoin Price: Which Countries Have the Biggest Premiums?

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Crypto price premiums are a thing! Which countries suffer the most and how big is the difference in price for a Bitcoin? Up until early 2018, major cryptocurrency markets the likes of South Korea and Japan demonstrated high premiums for Bitcoin. At the 2017 peak, when the Bitcoin price was trading at around $20,000 in the U.S. spot market, Bitcoin was being traded in South Korea’s cryptocurrency exchange market for around 26,000,000 Korean won, equivalent to about $22,000. This difference is now known as the Kimchi premium.Since then, starting with the introduction of various regulatory frameworks by South Korea to…
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Bitcoin Price: Which Countries Have the Biggest Premiums?

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